3574 Ruddy Duck Wynd, Southport, NC 28461
3 beds · 4 baths · 3,805 sqft
Rare Opportunity: Assumable 2.75 Loan! Nestled along the 7th hole of the prestigious Players Course, this exceptional 3,804 SF luxury home offers an unparalleled golf course view, stretching from the tee box to the green—one of the rarest vantage points in St. James Plantation. Thoughtfully designed with top-tier upgrades and meticulous craftsmanship, this home is both elegant and functional. Situated on a beautifully landscaped half-acre lot, the property is beautifully illuminated at night, creating stunning curb appeal. A generous driveway provides ample parking for guests, while the home's location on a quiet eyebrow street ensures privacy and convenience to multiple gate entrances throughout the neighborhood. Step inside and be captivated by the breathtaking 14' window wall, framing uninterrupted views of the golf course. The spacious living room boasts hardwood floors, a gas fireplace, custom built-ins, and intricate trim work. Adjacent, the formal dining room is perfect for entertaining. At the heart of the home, the chef's kitchen impresses with leathered granite countertops, an expansive island, and premium appliances, including a six-burner Thermador cooktop and a Dacor oven. A quartz sink with a touch faucet adds modern convenience, while the whole-house Kinetico water purification system ensures premium water quality. Enjoy year-round golf course views from the sunlit Carolina room, a serene retreat just off the kitchen. The first-floor home office is a standout, featuring an entire wall of built-in cabinetry and a partner's desk, making it ideal for remote work or personal projects. The primary suite is a true sanctuary, complete with a private columned sitting area enclosed in glass for panoramic golf course views. The suite also boasts his-and-her walk-in closets and an en-suite bath. Nearby, the laundry room offers granite countertops and abundant storage. On the opposite side of the home, a generous guest suite features a spacious bath and custom closet. Upstairs, a large third bedroom with an en-suite bath and walk-in closet provides additional privacy for visitors, or can function as a second main bedroom. With over $275,000 in improvements and upgrades, this home is move-in ready! Recent improvements include: Enclosing both sunrooms into four seasons rooms (2018), New roof & 6" gutters with guards (2022). Tankless gas water heater & in-ground 120-gallon propane tank. Extensive landscaping, with Zeon Zoysia grass. Encapsulated crawl space with dehumidifier, sump pump & built-in yard drainage system. New HVAC & cabinetry upgrades. Spartacote-finished garage floor (500 SF) with custom storage. Plantation shutters throughout. Please see attached document for full list of improvements. St. James Membership is Active.
Source: NORTHCAROLINAREGIONAL #100498658
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100498658
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.