205 Cherry Blossom Ln, Havelock, NC 28532
4 beds · 2 baths · 1,727 sqft
PERFECT FAMILY home on an oversized corner lot on one side and natural woods on the other! New vinyl 6' privacy fence around the entire back yard for added seclusion. Updated home on a private, beautifully landscaped corner lot in Tucker Creek Estates offering 4 bedrooms and 2 full baths plus an enclosed, all-weather porch to watch the ball game on and extend the living space! Curb appeal galore with an easy flowing interior floor plan. Open concept living area with a fireplace and built-in shelving, a spacious dining space and updated kitchen with newer: oven, dishwasher, microwave and back-splash. The master suite is also on the first floor and offers a private, ensuite bath with a jetted tub, separate walk-in shower and a double vanity. Two guest bedrooms and an additional full bath also on this level. The 2nd level bonus room over the garage is complete with a closet to be utilized as a 4th bedroom, home workspace, family den, craft room. Great features conveying with this home: Ring doorbell system, ADT security system and a Honeywell Smart Thermostat. Outdoor spaces include: a new 6' privacy fence for a secluded backyard feel, nice exterior shed and a fire pit for making family memories! Cul-de-sac next door is perfect for teaching the kids how to bike, skate, or play with no concern of traffic! Community also has a boat ramp to launch your boat. Great location just minutes to the MCAS at Cherry Point or be on the beach in less than 30 minutes via Highway 70 to Atlantic Beach for a day at the Beach.
Source: NORTHCAROLINAREGIONAL #100494886
Financials
Source: NORTHCAROLINAREGIONAL #100494886
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.
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