313 Star Hill Dr, Cape Carteret, NC 28584
4 beds · 2 baths · 2,100 sqft
: ''Hidden gem nestled between MCAS Cherry Point and Camp Lejeune in the prestigious Croatan High School District. This meticulously renovated 4-bedroom, 2-bath ranch home offers the perfect blend of privacy and convenience, with the Croatan National Forest bordering two sides of the property. Only a five-minute drive from Emerald Isle's pristine beaches, this home boasts an open floor plan with a vaulted great room, custom built-in bookcases/entertainment unit, and hardwood floors throughout the main living areas. Enjoy outdoor living on the screened-in back patio overlooking the forest, or take advantage of the nearby Star Hill Golf Course and pool facilities. The newly renovated kitchen features granite countertops, stainless steel appliances, and a WiFi-enabled Samsung range with steam clean and bread proofing functions. Recent upgrades include a new HVAC system with WiFi-enabled thermostat, new water heater, and new indoor/outdoor lighting. Additional features include an in-home security system, fireproof in-floor safe, irrigation well, and a two-car garage with built-in surfboard rack. With quick access to forest trails, kayaking spots, and a town boat ramp, this property offers an unparalleled opportunity for both relaxation and adventure in Carteret County's low tax district.''
Source: NORTHCAROLINAREGIONAL #100481947
Financials
Source: NORTHCAROLINAREGIONAL #100481947
Source: Public records
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%. 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.
Other resourcesWhat 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.