216 Ocean Jasper Dr, Holly Springs, NC 27540
5 beds · 5 baths · 4,031 sqft
Welcome to 216 Ocean Jasper Drive, a stunning home in the sought-after Holly Springs neighborhood! This expansive 5-bedroom, 4.5-bath home offers luxury living with thoughtful design and high-end finishes throughout. As soon as you enter through the double front doors, you'll notice hand-scraped engineered hardwoods that lead you in. The main level includes a dedicated study with glass French doors, a formal dining room, and a convenient drop zone from the 3-car garage. The open-concept layout features a gourmet kitchen, butler pantry, and an oversized island—ideal for gatherings and entertaining. This flows seamlessly into your spacious great room, complete with built-in custom shelves that surround the fireplace. The back of the home has extensive windows, filling the kitchen and living spaces with the afternoon and evening sun. Enjoy outdoor living on the screened porch or grill out on the deck! Invite guests to stay in the private first-floor guest suite, providing comfort and privacy. Before heading to the second floor, you will notice storage under the stairs that can also be used as an adorable dog cubby. On the second floor, you will find a versatile loft offering additional space for work or play, alongside three generously sized secondary bedrooms. Retreat to the luxurious owner's suite, featuring a spa-inspired bathroom with separate vanities and an oversized walk-in closet. This home is conveniently located near the neighborhood playground and within walking distance to the pool. This home blends comfort and style, perfect for modern living!
Source: TRIANGLEMLS #10087220
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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
Source: TRIANGLEMLS #10087220
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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.
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