1 of 39
$350,000

1998 Ward Rd NW, Longwood, NC 28452

2 beds · 2 baths · sqft

Escape to the tranquility of the countryside with this charming 1.58+/—acre property, surrounded by peaceful farmland and over 150+ feet of paved road frontage. Located in a level, wooded area, this property offers the perfect blend of seclusion and convenience. It is under 30 minutes from the beautiful South Brunswick Island beaches and a 15-minute drive to shopping, dining, medical and golf courses. If you're tired of the hustle and bustle of city living, this could be the serene retreat you've been dreaming of. Located at 1998 Ward Road in Longwood, this property includes a well-kept 2018 double-wide manufactured home, complemented by a spacious 24 x 36 two-car metal building. Inside the house, you'll find a spacious kitchen, living room, flex/office space, and dining area which has a trey ceiling. There is box and chair molding, ceiling fans, crown molding, and elegant valances for a touch of sophistication. The kitchen has staggered cabinets, a center island, task lighting, LVP flooring, a gas stove, recessed lighting, and a charming archway leading into the living room. The split floor plan features an owner's suite with an ensuite bathroom, a walk-in shower, double sinks, and a spacious walk-in closet. The utility room enhances the home's practicality, offering a sink, washer, dryer, cabinets, and ample counter space. With no Homeowners Association, this property also includes a private septic system and private well. Just a short drive from the South Brunswick Islands, the South Carolina state line, and the attractions of Myrtle Beach, don't miss the chance to enjoy a peaceful country lifestyle while staying close to all the amenities you need. Schedule your showing today!

Interest rate 3
3.29%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$659
With Roam
$956
Reduce your monthly payments by $297 when you assume this mortgage.
You also save $90,633 in total interest paid.

$213,849
Edit

You may be able to put down less than the total down payment amount of $213,849 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Lot size
1.58 acres
Year built
2018
Type
Mobile Home

Source: NORTHCAROLINAREGIONAL #100461857

Loan
Remaining term
25 years, 5 months
Rate
3.29%
Monthly P&I
$659
Remaining loan balance
$136,150

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 27, 2024 06:28 pm
Listing agent: Jayne A Anderson (910) 279-4001
Listing provided courtesy of: Coldwell Banker Sloane Realty OIB (910) 579-1144
Details provided by NORTHCAROLINAREGIONAL and may not match the public record.
MLS ID: #100461857
The data relating to real estate on this website comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Roam Brokerage, LLC shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright © 2024 North Carolina Regional MLS LLC. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$659/mo
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