412 Holly St, Emerald Isle, NC 28594
3 beds · 2 baths · 1,684 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Beautiful home located within walking distance to the Emerald Isle pier, in the sought-after neighborhood of Ocean Forest. It's no wonder with the private neighborhood beach access available for just $100 per year and NO HOA restrictions-almost unheard of! MANY IMPROVEMENTS HAVE BEEN MADE TO THE HOME IN RECENT WEEKS -in addition to the already new light fixtures, appliances, fresh paint, & gorgeous CALI BAMBOO flooring., the garage doors have been replaced with insulated, hurricane reinforced ***The kitchen is being remodeled, and samples of backsplash, cabinets and countertops can be seen at the home. **** This 3 bedroom home also features a finished, lower level which consists of 2 bonus rooms. The elevator in the home eliminates the need for the use of stairs and makes bringing up your groceries super convenient! The backyard is perfect for entertaining. Complete with a firepit, and gorgeous, stocked KOI pond. You'll find the trees create just enough privacy in the backyard to allow for intimate gatherings. Nature enthusiast will love listening to thwe souns of all the birds and observing some of Emerald Isles wonderous wildlife which adds to the beauty of the island. Sit on the back deck and watch as the deer drink from the pond, as they often do in the mornings. Whether you are looking for a family home, a weekend retreat, a place to retire or a just wonderful investment, you don't want to miss out on this home. Used as a VRBO for the last two seasons this home has been well kept and has excellent rental history, making it a great choice for those looking to invest. Located in an award winning school district for those with children
Source: NORTHCAROLINAREGIONAL #100462742
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100462742
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.