275 Hillmont Rd, New Bern, NC 28562
3 beds · 1 baths · sqft sqft
Cute cottage at end of street within City of New Bern just a few miles from New Bern's historic district, convenient to shopping, medical facilities, Hwy 70 interchange, and Craven Community College, within walking distance of Pleasant Hill Park and Community Center. Located at the end of Hillmont Road for privacy, walk way leads to welcoming porch with built-in seating. Enter living room filled with light from huge picture window. Notice upscale light fixtures with ceiling fans in most rooms and fresh updates in kitchen and bath. Home has many improvements including new roof, new vapor barrier, new connection to City Sewer, new seamless 6'' gutters all within the last year. Appliances include new dishwasher, new electric stove/range, new built-in microwave and newer refrigerator. Nice level private lot of .45 Acres with off-street parking and detached single garage for storage. NO HOA. This property is protected by a warranty through 2-10 Home Buyers Warranty and is available for purchase at closing. If not purchased, the warranty will expire at closing and the property will be unprotected. FIRST TIME BUYERS MAY BE ELIGIBLE FOR $3,000 CLOSING COST HELP WITH A LOCAL LENDER. ASK ABOUT THIS PROGRAM!
Source: NORTHCAROLINAREGIONAL #100457998
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100457998
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: #100457998