238 Sailor St, Sneads Ferry, NC 28460
5 beds · 3 baths · 2,807 sqft
Get a free consultation call with an expert in the mortgage assumption process.
If you've been searching for a spacious and stylish home in Sneads Ferry, your journey ends here. This 5-bedroom, 2.5-bath beauty is packed with features that will make you feel like the captain of your own cozy coastal retreat! Step inside to a grand foyer that sets the stage for the rest of this impressive home. The formal dining room, complete with a stunning coffered ceiling, is perfect for hosting elegant dinners—or just making takeout feel fancy. The kitchen is a chef's dream, featuring a pantry with plenty of space for all your snacks, meal prep essentials, and that air fryer you swore you'd use more. The living room, centered around a cozy electric fireplace, provides the ideal space to unwind on those rare chilly North Carolina evenings. The first-floor primary suite is truly a retreat, boasting a tray ceiling, ceiling fan, and a spacious walk-in closet. The ensuite bathroom offers dual vanities, a walk-in shower, and a soaking tub, perfect for relaxing at the end of the day—whether that means sipping wine, reading a book, or just pretending you're at a spa. Upstairs, you'll find four spacious bedrooms, each with its own walk-in closet, eliminating any storage struggles or sibling disputes. A full bathroom completes the second floor, providing plenty of space for everyone to get ready in the morning—or at least try to. Outside, the fenced-in backyard offers privacy and security, whether you're keeping pets, kids, or that one friend who always wanders off safely contained. The screened-in porch and deck create the ultimate space for sipping coffee, stargazing, or enjoying the coastal breeze without the company of mosquitoes. The HVAC was newly installed in December of 2024 and features UV lights in the air handler - helping to prevent mold/mildew and fungal growth, keeping that ideal healthy air quality we all love! Located just minutes from Topsail Beach and Camp Lejeune, this home is the perfect blend of coastal charm and modern comfort.
Source: NORTHCAROLINAREGIONAL #100495896
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 #100495896
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.