223 NE 43rd St, Oak Island, NC 28465
3 beds · 2 baths · sqft
LOCATION & COZY COMFORT IS what this home can offer and just over .5 miles from direct beach accesses that are right in the heart Middleton Park where you can enjoy concerts, farmers markets, tennis & pickleball courts, basketball courts, baseball fields, splash pad, & play ground areas if you desire. Local restaurants, supermarkets, shops & the 55th street boat ramp, & ICW 52nd street Memorial Park, are also conveniently located. If Kayaking or just watching nature is pleasing, the Davis Canal is also nearby! The Community Center offers something for all ages & a workout gym! This home has an open living space and split floorplan with a cathedral ceiling in the living room. The improvements in this home include LVP flooring throughout, plentiful granite counter tops, & all stainless kitchen appliances. The washer & dryer will be remaining too! A 2020 Roof & 2021 HVAC are just a few more reasons choosing this home as your primary residence, investment property for short or long term rentals, or just simply enjoying as a secondary residence is ready for your new adventure here on Oak Island in one of the most sought after locations on the North East side. You can enjoy sitting on your covered front porch, or relaxing on the back deck. There is an attached rear storage that is used for beach gear and /or garden tools. Evenings can be enjoyed gathered around the firepit! A new survey has been completed and plans and permit in place for a new enclosed screened rear porch will be included for future improvement. Currently the owners enjoy their home with family and friends, and have also been fortunate with short term rentals when they cannot come to the island. Appointments will need to be made to view this home to ensure there are not tenants in place for your visit. This home is a wonderful opportunity to enjoy Oak Island living at its best! Come and see what this home has to offer and see why this could be your spot on the island you have been looking for!
Source: NORTHCAROLINAREGIONAL #100469139
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100469139
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: #100469139
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.