320 Embassy Cir, Wilmington, NC 28412
3 beds · 3 baths · 2,239 sqft
Motivated Seller! Welcome to this beautifully updated one-level home in the highly sought-after Echo Farms subdivision! Situated on a generous .33 acre lot, this 3 bedroom, 2.5 bathroom home offers 2,239 square feet of bright and airy living space. Step inside to discover new luxury vinyl plank flooring throughout the main living areas and bedrooms, complemented by tile flooring in the kitchen and bathrooms. The formal living room, accessed through elegant French doors, boasts a stunning brick wood-burning fireplace and exposed wood beams. The spacious family room provides an additional area for relaxation or entertaining. The sizable kitchen is a chef's dream, featuring brand-new stainless steel appliances (2024), soft-close white shaker cabinets (2024), and gorgeous granite countertops (2024). With ample space for meal prep and a breakfast nook, this kitchen is both functional and inviting. Double doors lead to an expansive patio, perfect for hosting cookouts and gatherings. The sparkling in-ground pool is an ideal retreat for enjoying warm weather, while the backyard offers plenty of space for gardening, outdoor activities, or simply relaxing. The luxurious master suite features a beautifully updated en suite bathroom with tile floors, dual vanities, and a walk-in shower. Additional highlights of this home include a two-car garage, a large laundry room with a utility sink, and plenty of storage. The seller is willing to provide an allowance for landscaping and windows with an acceptable offer. Located less than 3 miles from shopping, dining, and entertainment, less than 5 miles to historic downtown Wilmington, and under 10 miles to Carolina Beach, this home offers an unbeatable location for convenience and coastal living. Don't miss the opportunity to make this stunning property your new home!
Source: NORTHCAROLINAREGIONAL #100482375
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100482375
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.