31 E Shooting Star Ln, Hampstead, NC 28443
5 beds · 4 baths · sqft sqft
This stunning 2-story modern farmhouse, built in 2020, is situated on a premier corner lot that backs up to a serene natural area on a dead-end street with low traffic. With 4 bedrooms, 3.5 bathrooms, and just over 2,900 square feet of living space, this home is dripping in upgrades and designed for those who love to entertain. A charming rocking chair front porch invites you into a large foyer, leading to a spacious office on the right. The first-floor master suite features a stylish accent wall and a barn door that opens into a luxurious ensuite bathroom complete with dual vanities, a soaking tub, and a separate subway tile walk-in shower. The open concept floor plan boasts hardwood floors throughout the main living space and 9-foot ceilings on both floors. The gourmet kitchen features a large island, granite countertops, subway tile backsplash, upgraded appliances, and overlooks the living room and dining room. The living room is anchored by a gas log fireplace with built-ins and a shiplap surround. Four-panel sliding glass doors open wide to a screened-in porch, perfect for seamless indoor-outdoor entertaining. The backyard is an entertainer's paradise with a paver patio covered by a pergola, providing an ideal space for gatherings by the custom in-ground pool and hot tub. The fully fenced yard ensures privacy, making this space a perfect retreat. Upstairs, you'll find three spacious bedrooms, two of which are connected by a Jack-and-Jill bathroom, and a large bonus room with a full bathroom that can easily double as a fifth bedroom or guest suite. Situated in the Wyndwater Community, residents enjoy access to amenities including a pool, walking trails, picnic areas, sidewalks and more.
Source: NORTHCAROLINAREGIONAL #100472310
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100472310
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: #100472310
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.