1878 Oak Harbour Dr SW, Ocean Isle Beach, NC 28469
3 beds · 2 baths · sqft
Assume this Home's 3.89% Mortgage Rate and Save Thousands Monthly! Sun-Filled & Simply Stunning. Impeccable Condition with Open Concept, Tray Ceilings, Hardwood Flooring, Screened Porch and a Backyard that will Inspire you to fire up the grill, entertain & enjoy the breezes off the Intracoastal. Feel at ease in the open living area with beautiful oak wood flooring, gas fireplace and fresh new paint. The kitchen's custom cabinetry beautifully complements the granite counters, the island provides versatility, stainless appliances and a dining area cozy enough for 2 or large enough for 8. The Master Bedroom sits in the rear of the home, featuring an ensuite with both a tile shower and a freestanding tub, dual sink granite top vanity, and walk-in closet. 2 guest bedrooms are on the other side of the home, sharing a bathroom in the hall. An additional room above the garage gives you options for a 4th bedroom, hobby room, man cave, etc. The best part may be the screened porch, usable for most of the year. Step outside to the oversized concrete patio with tasteful landscaping and a backyard that is ready for your dogs, fully fenced & gated. Offering efficient living with low maintenance vinyl siding & a cedar shake look on the front, you have the freedom in this community to rent your home on a monthly basis. The old oak trees & azaleas give a presence to the home's striking curb appeal and its neighborhood is small & intimate with unique custom homes, situated a block from the Waterway, 4 miles to the white sand at Ocean Isle Beach and less than ½ mile to the nearest golf course. Experience the community's day dock on the Intracoastal where you'll see plenty of boating & wildlife entertainment. Groceries, restaurants, medical and more are within 10 minutes, big box stores are 15 minutes. 2 int'l airports within an hour. Look forward to falling in love with Coastal Living at this unique location!
Source: NORTHCAROLINAREGIONAL #100451435
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100451435
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: #100451435
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.