309 Camp Davis Rd, Holly Ridge, NC 28445
3 beds · 3 baths · sqft sqft
Are you looking for a spacious home with a back yard fit to entertain huge outdoor parties? Do you desire to have space for the family or ''furbabies'' to run and play until their hearts content? This charming home within the city of Holly Ridge was built post-World War II in 1947 and is home to one of the still-standing Camp Davis buildings that is currently being used as a garage/storage shed. Not only will you own a piece of history but close to an acre of land. This property is made up of three parcels and are zoned R-15. This is an opportunity for homeowners and investors alike. You will own 2,386 sq. ft., 2 1/2 baths, 3 bedrooms, formal dining room, breakfast area, eat-in bar, two mud rooms, an office, two storage sheds, a 2-car carport, and a fenced in backyard. They say the kitchen is the ''heart of the home'' and this one has a big heart! Upgrades would make this kitchen a chef's delight. Family and friends will have no problems gathering at your house. The flex space off the kitchen and living room is just waiting for your vision to make it come alive. Consult with your GC to see if it could be expanded for an open concept feel, new laundry room and half-bath. The primary bedroom has room to spare and the walk-in closet in the ensuite is a must-see size. With a vision and finishing details you could make this ''Diamond in the Rough'' the home you've been dreaming of. The seller has made some upgrades throughout the home and is offering a $10,000 floor repair allowance at closing with an accepted offer. Contact your agent and schedule your showing today.
Source: NORTHCAROLINAREGIONAL #100469707
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100469707
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.
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.
MLS ID: #100469707
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