202 Silver Creek Loop, Sneads Ferry, NC 28460
3 beds · 3 baths · sqft
Coastal Charm Awaits in Sneads Ferry! Ask about low interest assumable VA loan! Discover this beautiful 3-bedroom, 2.5-bath home nestled in the heart of Sneads Ferry, perfect for embracing the coastal lifestyle. Set on a desirable corner lot, this property features a spacious layout that effortlessly blends modern comforts with inviting spaces. Enjoy the convenience of a 2-car garage and a fenced backyard with an oversized screened in porch, ideal for pets or outdoor gatherings. This home is just a short drive to the stunning local beaches making it an ideal location. Step inside to find an open concept floor plan that creates a warm and welcoming atmosphere. The kitchen is a chef's delight with its white cabinets, custom tile back splash, stunning granite counters, stainless steel appliances, and 2 pantries for all your storage needs. Just off the entrance and the kitchen area is a comfortable dining room, perfect for entertaining. The Kitchen flows seamlessly into the spacious family room, you'll appreciate the cozy ambiance created by the gas log fireplace, providing a perfect setting for relaxation or step outside to the lovely screened in porch. The master suite is thoughtfully positioned at the back of the home, offering a private retreat complete with ample space and access to the sun porch. Master and hall bathrooms are newly remodeled with custom tilework.Two additional bedrooms and a full bath complete the lower level, along with a laundry room for added functionality. Upstairs, the versatile bonus room makes perfect space for recreation, a home office, or additional storage. Outside, the brick front facade enhances the property's curb appeal and ease of maintenance. With a large corner lot , and an extra wide driveway this home encapsulates the essence of coastal living. Don't miss out on this incredible opportunity!
Source: NORTHCAROLINAREGIONAL #100479107
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100479107
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: #100479107
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.