234 Deep Bay Dr, Newport, NC 28570
3 beds · 3 baths · 2,092 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Embrace the epitome of modern living in this newly renovated gem nestled on a serene cul-de-sac, offering breathtaking views of the Intracoastal Waterway (ICW). 3 bedrooms plus a versatile flex room, this immaculate residence embodies coastal charm and sophistication. Step inside to discover an inviting open-concept flooded with natural light, accentuated by freshly renovated interiors and stylish finishes throughout. The spacious living area seamlessly transitions into the gourmet kitchen, creating the perfect space for entertaining guests or enjoying quiet family evenings. The chef-inspired kitchen is a culinary enthusiast's dream, featuring sleek countertops, premium stainless steel appliances, and ample storage space. An expansive island offers additional seating and serves as the heart of the home, making meal prep a breeze while fostering effortless social interaction. Retreat to the large master suite, with a lavish en-suite bathroom, and a spacious walk-in closet. Two additional bedrooms provide comfortable accommodations for family members or guests, while the versatile flex room can easily adapt to serve as a home office, media room, or play area to suit your lifestyle needs. Outside, a private lot envelops the home in tranquility, offering the perfect backdrop for outdoor relaxation and enjoyment. Immerse yourself in the natural beauty of the surroundings as you savor panoramic views of the ICW or unwind on the spacious patio with your favorite beverage in hand. Conveniently located in a quiet neighborhood, this move-in-ready retreat offers the perfect blend of peaceful seclusion and proximity to amenities. Enjoy easy access to pristine beaches, renowned restaurants, and top-rated schools. Call today to schedule a private viewing on this charming home!
Source: NORTHCAROLINAREGIONAL #100496811
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100496811
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.
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.
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.
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.
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.