204 Oyster Ln, N Topsail Beach, NC 28460
2 beds · 2 baths · 1,260 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautifully rare single family home checks the boxes. The location is everything and only 363 feet from the waves, situated between the ocean and intercoastal waterway on the North end of Topsail Island you will find this adorable 2 bed 2 bath home. Up on pilings with decks for days, the views will surely impress. Step inside the glass French doors into the vaulted ceiling living room with dual fans. Beautiful dark LVP recently installed throughout to compliment the natural light. Enter the practically brand-new kitchen and find this island just tripled in size, new soft close cabinets, brand new granite countertops, a pantry added, refrigerator, light fixtures, and a deep stainless-steel sink is sure to wow. A propane tank has been installed to power up the new gas stove and tankless water heater, both less than a year old. The kitchen is centered between an open eat in dining area and a bedroom with its own door to the back deck to take in the views. In addition, there is a freshly remodeled bathroom with a new walk-in shower, vanity, and sink. The laundry area is tucked away right under the stairs. Upstairs there is an overlook of the living room, a full bathroom and the primary bedroom with dual fans. The closets with barn doors finish off the primary. From there you head out to the second-floor balcony where the views get even better. Under the home you will find an abundance of enclosed spaces for parking, storage, a game room, or even a workshop, and an insulated locking storage closet perfect for short term rentals, because that's right, NO HOA! To complete this perfect package on one of the largest lots, an outdoor shower was recently installed. This perfect home is just steps from a level, easily walkable public beach access. Fishing, boating, swimming, shelling...Topsail has it all. Go to the 4x4 drive on beach access less than half a mile away. Minutes to bases, restaurants, shopping and more, this beach oasis is waiting for you. Don't miss out
Source: NORTHCAROLINAREGIONAL #100477011
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100477011
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.