375 Spicer Lake Dr, Holly Ridge, NC 28445
3 beds · 3 baths · sqft
**Assumable VA loan for qualified buyers. Text listing agent for percentage.** Welcome to the home you have been waiting for in the exquisite Summerhouse on Everett Bay! This artistically crafted home offers 3 bedrooms, 3 bathrooms plus a large bonus room adding up to 2600+ heated/cooled square feet of living space. From the moment you walk onto the front porch, which is ideal for relaxing in your rocking chairs, to entering into the wainscoted foyer, you feel at home. The dining area, with professional trim work, welcomes your family meals around the table, with memories to be made. The beautiful kitchen, equipped with soft close cabinets and stainless steal appliances, offers all that one desires in a kitchen; beautiful quartz counter tops and an island made for entertaining family and friends. The four seasons room opens off of the living room with three sliding doors, and plenty of space to entertain family and friends, with large windows adding natural light and upgraded professional concrete stamped flooring. Snuggle up on your couch in the living room that boast beautiful built-in cabinets around the gas log fireplace. This home is a very short walk to the community pool, clubhouse and fitness center that Summerhouse on Everette Bay offers. Meticulously maintained both inside and out and a must see! Call today to schedule your tour! Seller/Listing Agent is an Active NC Real Estate Agent.
Source: NORTHCAROLINAREGIONAL #100468577
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100468577
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: #100468577
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.