180 Wild Raven St, Shallotte, NC 28470
3 beds · 2 baths · sqft
VA Loan Assumption options may be available. No HOA home embodies the essence of coastal living fused with modern comfort. With its three bedrooms, two bathrooms, and a versatile bonus room that can serve as a fourth bedroom complete with its own full bath, it offers a spacious and flexible layout to accommodate your family's lifestyle. Standout features include A new fortified roof with premium gutter guards installed in 2024, HVAC system, replaced in 2023 and dedicated electrical breaker(s) for a generator. Inside, you'll find a welcoming main living area adorned with luxurious LVP flooring, modern light fixtures, and ceiling fans, creating a cozy yet stylish ambiance perfect for relaxation and entertainment. The spacious kitchen is a chef's delight, offering plenty of cabinetry for storage and featuring a propane gas cooktop/stove for cooking convenience and sophistication. The addition of a tankless hot water system ensures a continuous supply of hot water while maximizing energy efficiency. The first-floor primary bedroom provides a tranquil retreat with its ensuite bathroom and large closet, ensuring privacy and comfort for its occupants. The split floor plan further enhances privacy by separating the primary bedroom from the secondary bedrooms. High ceilings and large windows flood the home with natural light, accentuating its open and airy feel. Outside, the screened patio beckons you to unwind and soak in the coastal breeze, while the meticulously maintained landscaping and spacious yard offer endless possibilities for outdoor activities and gatherings with family and friends. Don't miss out on the opportunity to make this dream home yours where you can Embrace the coastal charm and comfort.
Source: NORTHCAROLINAREGIONAL #100447807
Source: NORTHCAROLINAREGIONAL #100447807
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: #100447807
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.