350 Trevally Ct, Southport, NC 28461
3 beds · 3 baths · 1,854 sqft
HEART OF SOUTHPORT TOWNHOUSE - This stunning 2-year-old 3-bedroom 2.5-bath home with attached Garage blends right in among the historic tree-lined streets just blocks from the Cape Fear River -- Plus, it's commuting distance from Wilmington, Myrtle Beach, or any points in-between! -- End-unit position offers easy access -- From the Covered Front Porch, enter a classic Living Room space and continue through to the sweeping Open Floor Plan Family Room-Dining Room-Kitchen that flows onto a relaxing Covered Back Patio -- Plantation Shutters and Luxury Vinyl Plank Flooring add grace throughout the main floor -- Kitchen features stainless steel electric range, microwave and dishwasher along with Solid Surface countertops and a large Pantry -- Gorgeous Primary Bedroom Suite includes En Suite Bathroom with Double Vanity, Walk-In Shower and separate Soaking Tub, and a large Walk-In Closet adds even more useful storage space -- 2 additional spacious Bedrooms and a Second Bathroom upstairs add even more space and versatility for a wide range of uses -- No water intrusion during the September 2024 flood that affected parts of Southport -- Property is in Brunswick County, City of Southport, Southport Fire District and Dosher Hospital District property tax jurisdictions -- Buyers should be familiar with ongoing city sewer system upgrade plans; city traffic, parking and right-of-way issues; and proposed Indigo 2 development and its potential nearby traffic and entranceway impacts -- Property is within a 10-mile radius of Brunswick Nuclear Plant and Military Ocean Terminal Sunny Point - Furnishings, Refrigerator, Washer and Dryer do not convey, but some items may be available for separate purchase -- This home is a rare find in the always-hot market on the Carolina Coast -- Make a point to see it soon!
Source: NORTHCAROLINAREGIONAL #100468212
Source: NORTHCAROLINAREGIONAL #100468212
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.