3 Quail Hollow Dr, Oak Island, NC 28465
4 beds · 3 baths · 2,350 sqft
Nestled in the highly sought-after Oak Island Estates in the Yaupon area of Oak Island, this stunning custom-built home offers the perfect blend of luxury and convenience, designed specifically for the current owners with no detail overlooked. Boasting an ideal location near both the ocean and a prestigious golf course, this home provides unparalleled access to outdoor beauty and recreation.Step inside to discover spacious, sun-drenched rooms with expansive windows that capture breathtaking views of the ocean and surrounding landscapes. The open-concept living areas feature high-end finishes, including rich hardwood floors, custom cabinetry, and elegant countertops. The gourmet kitchen is a chef's dream, with ample storage, and a large island perfect for entertaining. The main living space seamlessly flows into outdoor patios and porch, perfect for enjoying the gentle ocean breezes and hosting guests while taking in the natural beauty. The primary suite offers a peaceful retreat, with large windows framing scenic views and an en-suite bath designed for ultimate relaxation. An additional bedroom and full bath are located on the main living area. Guests are welcomed and have plenty of room upstairs with 2 additional bedrooms and a full bath. A standout feature of this property is the detached, conditioned garage/workshop, offering a versatile space for hobbies, projects, or additional storage. Whether you're a DIY enthusiast or in need of a home office or creative studio, this space provides endless possibilities.Located just minutes from the beach and golf course, this home combines the best of both worlds—coastal living with easy access to world-class amenities. It's truly a rare gem and an opportunity not to be missed! Are you ready for BEACH life? The town of Oak Island offers numerous amenities such as golf, tennis, pickleball, basketball, picnic area, boat launches & public docks & water accesses yet NO hoa fees
Source: NORTHCAROLINAREGIONAL #100496954
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100496954
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.