1716 Middle Sound Loop Rd, Wilmington, NC 28411
4 beds · 4 baths · sqft
Seller offering $5,000 use-as-you-choose buyer credit! Discover 1716 Middle Sound Loop Road, a custom-built home that blends luxury and comfort on a spacious half-acre lot within the sought-after Ogden Elementary School district and close to several area marinas. The property features hardy plank siding and an inviting front porch perfect for relaxation. Inside, the open floor plan with 9-foot ceilings creates an airy, welcoming atmosphere. The great room, complete with a cozy gas log fireplace, is ideal for entertaining. The kitchen boasts a large island, stainless steel appliances, a generous pantry, a breakfast nook, and a formal dining area. The expansive primary suite offers a luxurious retreat with a soaking tub, tiled shower, double vanity, and a walk-in closet. Upstairs, there are three additional bedrooms, two baths, and a versatile loft. A large bonus room above the two-car garage is perfect for an office, craft room, or extra bedroom. The home also features surround sound with volume controls in every room. Step outside through French doors to a covered back porch with ceiling fans and a TV. The Trex deck, with a retractable awning, extends your outdoor living space. The backyard is a true oasis, with a beautiful pool and spa surrounded by lush landscaping. The pool's lighting, jets, and temperature are all app-controlled, and Sonos-powered rock speakers enhance your outdoor experience. An outdoor shower with hot and cold water adds extra convenience. Additional features include a Culligan whole-house water filtration system and an epoxy-finished garage floor. The formal dining room, currently a billiards room, can be easily restored to its original purpose. This exceptional home offers the perfect mix of luxury and comfort in an ideal location. Schedule your private tour today to experience all that 1716 Middle Sound Loop Road has to offer!
Source: NORTHCAROLINAREGIONAL #100463069
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100463069
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #100463069
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