368 Lehigh Rd, Wilmington, NC 28412
5 beds · 5 baths · 3,094 sqft
This expansive 2-story, 5-bedroom, 3.5-bathroom home sits on a large corner lot adjacent to a serene retention pond, offering added privacy and picturesque views. Just minutes from Carolina Beach, this home provides the perfect blend of comfort, style, and convenience, designed to suit modern living while maintaining a warm and inviting atmosphere. The ground-level primary suite is a true retreat, featuring an ensuite bath with a separate shower, an oversized walk-in closet complete with custom wooden shelving, and a built-in desk. Upstairs, you'll find four generously sized bedrooms along with a spacious bonus room, ideal for a playroom, home office, or additional living area. The main living, dining, and kitchen areas boast durable and stylish LVP flooring, while cozy carpeting adds comfort to the upstairs bedrooms and common spaces. A spacious 2-car garage provides ample storage, and the low-maintenance vinyl siding and slab foundation make upkeep a breeze. Outdoor living is equally impressive. The large, fully privacy-fenced backyard includes a concrete patio, a firepit, and space for a hammock in the freshly sodded lawn. An irrigation system and low-maintenance landscaping simplify yard care, while the outdoor shower is perfect for rinsing off after a day at nearby Carolina Beach. With its prime corner lot location, adjacency to the retention pond, and proximity to the coast, this home offers the space, features, and setting to meet all your needs. Don't miss the opportunity to make it yours—schedule a showing today! New carpet in Master and a fresh coat of paint just completed. * Preferred Lender is offering up to $2,500 in closing cost credits through Kristian Siemon with Integrity Home Mortgage.*
Source: NORTHCAROLINAREGIONAL #100484348
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100484348
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.