204 Oyster Ln
N Topsail Beach, NC 28460
2 beds · 2 baths · 1,260 sqft
$550,000
Get prequalifiedAbout this home
-Rare single family 2 bedroom 2 bathroom home on 0.28 acre lot. 3 car concrete driveway. No HOA! LOCATION: -Quiet end of the island but close enough to enjoy restaurants, shopping, shelling, and fishing. -Only .07 miles (363 feet) to the closest beach access. -Situated between the ocean and the intercoastal waterway on pilings with decks in all directions for beautiful views. MAIN FLOOR -Tons of natural light! -Vaulted living room ceiling with dual ceiling fans. -Dark LVP recently installed throughout. -Open kitchen overlooks expansive dining/living room area that makes entertaining a breeze. New soft close cabinets added to the island area. -Brand new granite countertops throughout the kitchen. New 4x4 spacious pantry, new refrigerator, light fixtures, and a deep stainless steel sink. Propane tank added in March 2023 for the new gas stove and tankless water heater. Main floor bedroom (twin over full bunk) with door to the back deck and newly remodeled bathroom with a new walk-in shower, vanity, and sink. Laundry area is tucked away under the stairs. UPSTAIRS: Upstairs includes a full bathroom and the primary bedroom (king bed) with dual fans and dual closets with barn doors and closet organizers. Second floor balcony has beautiful views. GROUND LEVEL Under the home you will find an abundance of enclosed, lighted space with full swing garage doors for covered parking, storage, a game room, or even a workshop. The ground floor also has a separate secured insulated storage closet and recently installed outdoor shower. Less than half a mile to the 4x4 drive-on beach access 15 minutes to bases, restaurants, shopping and more. This perfect little home is just steps from a level, easily walkable public beach access. Fishing, boating, swimming, shelling...Topsail Island has it all. Motivated Seller
Source: NORTHCAROLINAREGIONAL #100477011
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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