2437 Tara Forest Dr, Leland, NC 28451
4 beds · 3 baths · 2,409 sqft
Welcome to your dream home! This exquisite brick residence offers over 2,400 square feet of living space, featuring 4 spacious bedrooms and 3 full bathrooms in one of the fastest-growing counties in the country. Step onto the charming rocking chair front porch and enter through the front door to discover a meticulously designed interior. To the left you'll find a large front bedroom boasting custom plantation shutters and is conveniently located next to the first full bathroom. Across the entryway, a versatile room with double glass doors can serve as a third bedroom or home office.The main living area features luxurious LVP flooring, an open concept design, and a captivating living room adorned with coffered ceilings, a cozy gas fireplace, and custom built-ins. Enjoy seamless transitions to the sun-filled sunroom through the three-panel sliding glass doors, perfect for relaxation or entertaining.The expansive kitchen is a chef's delight, showcasing elegant gray cabinets, granite countertops, a wall oven, wall microwave, updated gas cooktop, and stainless steel appliances. The adjacent dining area boasts trey ceilings and direct access to the sunroom through another sliding glass door.Retreat to the tranquil main bedroom suite and featuring an ensuite bathroom complete with a stand-up tile shower and dual shower heads, along with not one but two walk-in closets for ample storage.Venture upstairs to discover the impressive fourth bedroom or bonus room, equipped with its own ensuite bathroom, tiled floor, and fully tiled shower. Step outside to enjoy your backyard oasis, backing up to a serene community pond with walking paths and benches. The Hearthstone community also offers a refreshing pool and picnic area, perfect for those sunny Leland afternoons.Conveniently located near downtown Wilmington and a short drive to the beautiful Brunswick County beaches and Southport, this home is a must-see! Don't miss the opportunity to make this beautiful property your own.
Source: NORTHCAROLINAREGIONAL #100495769
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100495769
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.