358 Royal Bluff Rd, Jacksonville, NC 28540
3 beds · 3 baths · 2,649 sqft
As you enter through the gates of this beautiful community, you'll instantly fall in love with the elegant home nestled on over an acre of land, surrounded by mature trees and a serene atmosphere. This custom-built residence is designed to accommodate everyone, featuring large garage doors for oversized vehicles and wider openings throughout for accessible movement. Imagine sitting on the covered front porch, sipping coffee while listening to the cheerful birds chirping. Upon stepping inside, you are greeted by a grand entrance and an impressive foyer. The spacious living area boasts a fireplace, vaulted ceilings, and easy access to a covered and screened back oasis—perfect for entertaining. The chef's kitchen is a dream come true, featuring stainless steel appliances and granite countertops, designed with the culinary enthusiast in mind. A charming built-in nook provides the ideal seating area. On the first floor, you'll also find a family room that can double as a den, craft room, library, or homeschool space. Additionally, there is a guest bedroom with a shared bathroom conveniently located in the hallway, along with the primary suite. This spacious primary bedroom includes a large closet, wide entrances, and an en-suite bathroom that will captivate you, featuring a large soaking tub and a walk-in shower designed for wheelchair accessibility if needed. The allure of this home continues on the second floor, where you'll discover a third bedroom with its own bathroom and two closets. If you don't require a third bedroom, it would make an excellent theater room. The beauty of this home extends outdoors, with mature trees lining the back of the lot, nestled in the prestigious Williams Farm community of Jacksonville, NC. Are you ready for your private tour?
Source: NORTHCAROLINAREGIONAL #100492814
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100492814
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.