241 N High Point Rd, Southport, NC 28461
3 beds · 2 baths · sqft sqft
Move in ready home in a wonderful location where you will have access to endless amenities perfect for first time home buyers or investors looking for an AIRBNB opportunity (no HOA)!! Recent improvements include a new HVAC compressor & refrigerant, LVP flooring, light fixtures, bathroom toilets and mirrors. New paint throughout the home! The home has an open concept living room and dining area. The living room has built-in shelves and high slanted ceilings. The galley kitchen has ample cabinet storage and plenty of countertop space for those who love to cook. All new stainless-steel kitchen appliances that will convey with the sale of the home. The master suite is large enough for a king size bed and has a walk-in closet. The master bathroom has plenty of space and a newly refinished shower/tub. The other two bedrooms are located on the other side of the house. They share a full bathroom that has been recently updated. The large covered back porch is a perfect place to enjoy those summer nights entertaining with friends. The backyard includes a full wood privacy fence as well as a utility shed for extra storage. The town of Boiling Spring Lakes offers endless amenities: walking trails, pickleball/basketball/tennis courts and golf courses. Located less than 15miles to Fort Fisher Ferry and downtown Southport and about 20 miles to downtown Wilmington-you will not run out of things to do! *Some photos have been altered/virtually staged to depict furniture and other decorating features that don't exist in the home. Listing Agent shares interest in the home
Source: NORTHCAROLINAREGIONAL #100463132
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100463132
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: #100463132