2101 Shirley Rd, Wilmington, NC 28405
3 beds · 2 baths · sqft sqft
This beautifully maintained 3 bedroom, 2 full bathroom home is nestled on a generous .27-acre lot in a desirable community just minutes from downtown Wilmington. Spanning 1,198 square feet, this residence provides an open floor plan, low-maintenance luxury vinyl plank flooring, vaulted ceilings in the living room, and a spacious patio with a fenced-in backyard. The expansive kitchen features craftsman-style cabinetry, stainless steel appliances including a Whirlpool French door refrigerator and a new electric range/oven (2023), granite countertops, and a large bar top for additional seating overlooking the dining area. The sizable master suite includes a large walk-in closet and an en suite bathroom with beautiful tile floors, a fully tiled walk-in shower, and granite counters. Two additional bedrooms, a second full bathroom, and a laundry room complete the interior. Step onto the gated oversized patio, perfect for grilling and entertaining. A large shed offers ample space for projects or a quiet retreat, while the second shed provides room for tools and equipment. Enjoy watching the occasional train pass by from the privacy of your spacious backyard. Additional features include a one-car garage, pull down attic, and mature landscaping. With .27 acres, there is plenty of space for gardening, playing, and entertaining. This prime location is only 2.5 miles from the Wilmington Riverwalk, less than 2 miles from downtown Wilmington, and under 9 miles from Wrightsville Beach. Call today to make this excellent home yours!
Source: NORTHCAROLINAREGIONAL #100461620
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100461620
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: #100461620
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.