413 Compass Pt, Hampstead, NC 28443
4 beds · 4 baths · sqft
Coastal living at its best describes this well-appointed home in The Harbour at Summerset nestled in the heart of Hampstead. The Drop-back Plan built by Airlie Homes is a showstopper and boasts exquisite craftsman style finishes at every turn. You will absolutely love to entertain or just hang out in your custom kitchen with granite countertops, soft close drawers, an oversized island, ceramic tile backsplash, wooden beam ceiling and to finish it off, a gas cooktop with a built-in wall oven. Off of the kitchen is a formal dining area and open floor plan living room with gas fireplace that has access to the private porch area. The Master suite is located on the main floor and has a spacious walk-in closet, tray ceiling, ceramic tile walk-in shower with dual vanity. Some of the upgraded features include a shiplap staircase, accent walls, a spacious laundry and mud room and half bath on the first floor. The garage is an oversized 2 car and has a custom floor treatment. As you walk up to the second floor, you are greeted with 3 additional bedrooms and a bonus room that is currently being used as an office and there are two full additional bathrooms. The outdoor space is private and equipped for roasting marshmallows with friends and family around the fire pit or relaxing in the hot tub under the stars. The home is located close to schools, shopping, restaurants, beaches, medical practices and fun things to do with the whole family. Make your appointment today.
Source: NORTHCAROLINAREGIONAL #100458380
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100458380
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: #100458380
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.