3394 Marina Dr SE, Bolivia, NC 28422
3 beds · 2 baths · sqft sqft
A beautiful home in the tree-friendly neighborhood of River Run Plantation is for sale! This 1205 SFT, 3BR/2BTH doublewide Clayton Home was installed in 2019 and recently refreshed with paint. The light and bright kitchen has white cabinets, ample counter space including a center island, and stainless-steel appliances to include a dishwasher and microwave range combination. The side-by-side refrigerator with icemaker as well as the washer and dryer convey to the new buyer(s) as personal property! An open concept main living area allows for plenty of space for dining and seating. The main bedroom features new vinyl flooring, an ensuite bathroom with double vanity with two sinks, and a walk-in shower with sliding doors. This manufactured home, converted to real property in 2022, includes a crawl space reinforced with brick skirting and recently stained porches. River Run Plantation has many amenities. You can use the small craft launch for kayaks and canoes. Ask about the RV/Boat storage available to property owners. Other River Run amenities include the club house, swimming pool, tennis and basketball courts. The clubhouse includes outside tables and a grill. There is fun for kids on the children's playground. Go fishing or just catch the summer breeze on the newly refurbished community pier on the Lockwood Folly River. View the serene lake from the pleasant viewing area. To launch a larger boat, travel outside River Run to the public boat launch which is conveniently located at the end of Sunset Harbor Road. Schedule a showing now!
Source: NORTHCAROLINAREGIONAL #100471433
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100471433
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: #100471433
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