200 Southerland Ct, Hubert, NC 28539
3 beds · 3 baths · 2,236 sqft
Buyer Incentive/$3,000 Closing Cost Assistance paired with lender credit of $1,800. Located in the highly sought-after gated community of Highlands at Queens Creek, this one-of-a-kind 3bd, 2.5ba home sits on a 0.58-acre corner lot with NO CITY TAXES and is just minutes from Camp Lejeune. This home will check all your boxes! As you arrive, you'll immediately notice the elongated covered front porch and curb appeal—perfect for enjoying quiet summer evenings. Inside, the breathtaking entryway creates an inviting atmosphere. To the left, a versatile study can serve as a formal dining room or office space. The kitchen boasts beautiful granite countertops, a large island, and an eat-in area, along with ample cabinets and a pantry for extra storage. The spacious living room is ideal for hosting guests, and if you love entertaining outdoors, the fully fenced backyard offers privacy, plenty of space, and a pergola to accommodate all your guests. Upstairs, prepare to be amazed by the massive primary suite, complete with a jaw-dropping walk-in closet, a dual vanity, and a luxurious tiled shower. Two additional spacious bedrooms and a convenient upstairs laundry room add to the home's functionality. Situated in a gated community with amenities like a pool, walking trails, and more, this home is a rare find! Don't wait, schedule your showing before someone snatches it up!
Source: NORTHCAROLINAREGIONAL #100492627
Financials
Source: NORTHCAROLINAREGIONAL #100492627
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.