402 Garland Shores Dr, Hubert, NC 28539
3 beds · 3 baths · 1,652 sqft
Tranquility defines the location of this beautiful, well maintained home with peaceful views of the water from every floor and the sun rising from the East as you wake up. Located in a gated community, the outdoor enthusiast in you will enjoy the walking trails, kayak launch, fishing dock, outdoor pool, and gazebo. Enjoy 9 foot ceilings and wood flooring on the second floor, a kitchen equipped with stainless steel appliances and granite counter tops, a large living room providing a view of the water, a dining area, laundry room, and a half bath. The third level is where you will find the Owner's bathroom and suite, that faces the water where you can watch the sun rise from your bed, along with two additional bedrooms and another bathroom. The main floor has a large garage which provides ample storage for at least two cars and additional space for storage. Enjoy a beautiful view of the water and outdoor living from any of the 3 decks. Seller is offering a one year home warranty up to $700. Home can come furnished or unfurnished.
Source: NORTHCAROLINAREGIONAL #100493710
Financials
Source: NORTHCAROLINAREGIONAL #100493710
Source: Public records
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.
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