330 S Middleton Dr NW # 1105, Calabash, NC 28467
2 beds · 2 baths · sqft
Brand new living room furniture, power love seat and couch recliners! Freshly painted, all appliances new or under 2 yrs. old! Brand new lockout AC unit. Fabulous 2BR/2 Bath home, either primary residence, vacation home or investment property! Rent out just the lock-out if you like, use the main room and MBR for yourself! Or rent out entire unit. Short and long term rentals allowed. On #9 hole of Magnolia fairway, magnificent views from deck onto the golf course! 2 upgrades made as owner, full walk-in closet added in lock-out bedroom and kitchen expanded to wall with base cabinets, corner cabinet, shelves, granite countertop! Best amenities from here to Wilmington, residents only use of Brunswick House, indoor saltwater pool, hot-tub, fitness center, large outdoor pool with cabana, grills etc., including male/female locker rooms. Indoor party rooms, Clubhouse, with restaurant/bar, pro-shop, 27 holes of golf to choose from! Pickleball, tennis, and 24/7 gated and manned security! HOA includes water, sewer, trash, streets, lights, landscaping, cable, WiFi, internet and pest control. Only bill you will have is HOA and electric!
Source: NORTHCAROLINAREGIONAL #100450694
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100450694
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: #100450694
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.