216 Claremont Ct, Elizabeth City, NC 27909
3 beds · 2 baths · sqft sqft
Welcome to 216 Claremont Court, a well-maintained 3-bedroom, 2-bathroom home located on the ''north end'' of Elizabeth City. This property offers the convenience of being close to town while avoiding city taxes. Situated on a quiet cul-de-sac in the Country Village neighborhood off of Main Street Extended, the home features a spacious and fenced backyard, complete with an invisible fence in the front, providing your pets the freedom to roam safely across the entire property. As you enter through the front door, you're welcomed into the living room which flows seamlessly into the updated & upgraded kitchen, featuring stained cabinetry, stainless steel appliances, granite countertops, and plenty of room for meal prep and dining. From the kitchen, you can easily access the large two-car garage, which provides ample space for parking, storage, and a workspace. The kitchen also leads to the Finished Room Over Garage (FROG), which provides versatile space, ideal for a home office, playroom, or additional living area. The laundry room is conveniently located off the kitchen as well. Down the hall, you'll find the home's three bedrooms, one being a true primary suite with walk-in closet and en-suite bathroom, along with the home's second full bathroom, and two closets for coats & storage. The true 2-car garage adds to the home's appeal, offering plenty of room for parking, a workspace, and extra storage. This home is conveniently located less than 10 minutes to the downtown waterfront, an hour from the Outer Banks and Virginia Beach, and just 45 minutes from downtown Norfolk.
Source: NORTHCAROLINAREGIONAL #100460273
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100460273
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #100460273