4041 Red Oak Rd, Leland, NC 28451
3 beds · 2 baths · sqft sqft
Affordable housing that qualifies for 100% financing through USDA, VA, & FHA or Conventional using the $15,000 FHLP grant towards down payment, closing cost, rate buy-downs, etc. Ask your preferred lender about this grant! Welcome to 4041 W. Red Oak, ''No HOA!'' Nestled on a sprawling 1.30-acre lot, this like-new 2021 DW, set on a solid brick foundation, offers the perfect blend of modern comfort and endless outdoor possibilities. From the moment you step onto the inviting covered front porch, you'll feel right at home. Outdoor Space for Every Imagination: The fully fenced property, from front yard to back, provides a safe haven for pets and kids alike. Imagine creating your own private oasis with a large garden, a playground for the kids with swings and slides, or even hosting backyard gatherings with room for bouncy houses. Dreaming of extra space? There's plenty of room to add that man cave, she-shed, or both! Relax and Entertain: The 16'x16' rear deck is perfect for evening barbecues or morning coffee while soaking in the peaceful surroundings. This home features a seamless flow between living spaces. The open-concept living room, dining area, and kitchen make it easy to entertain or keep an eye on loved ones while preparing meals. The primary bedroom offers a peaceful retreat, complete with a spacious walk-in closet, while two additional bedrooms perfect for guests, kids, sewing/hobby room, or home office. The laundry room is conveniently located near the kitchen, adding to the home's functionality. Move-In Ready & Fully Furnished Options: The home has been meticulously maintained and feels brand new. Plus, the stylish, new furniture inside may be negotiable for the right buyer—just pack your bags and move right in! Don't miss this chance to own a piece of peaceful living with all the conveniences of Leland nearby and just a short drive to Wilmington. Schedule your private tour today and start envisioning your life at 4041 W Red Oak Drive!
Source: NORTHCAROLINAREGIONAL #100472007
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100472007
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #100472007
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.