4398 Ascot Cir, Southport, NC 28461
4 beds · 4 baths · 2,895 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This is an exceptionally well-built and thought-out home near the marina at St. James Plantation in Southport NC, walking distance to Beacon 315 at the marina and close to the exit to Oak Island. The main level sports Tigerwood flooring, coffered ceilings in the living room plus fireplace and build-ins, the en-suite bedroom, a separate office and two guest rooms with Jack n' Jill, sunroom plus powder room. The deep front porch with stamped concrete porch and its stonework invites you to come and experience the craftmanship of 4398 Ascot Circle, built by Crane Builders. Upon entrance you will love the beautiful flooring laid throughout the traditional dining room, living quarters, and a gourmet kitchen with its rainforest granite and cherry cabinets. The private main suite offers tray ceilings and an expansive bathroom with a Japanese soaking tub and walk-in shower. The left site of the home offers the office plus two spacious guest rooms with one and one half baths. Your family and friends can enjoy their own suite upstairs with living room, large bedroom and bathroom. This is all situated on a well-sized corner parcel with a partial fenced-in yard for the children or the pets. Recent updates are HVAC systems, plantation shutters, conditioned sunroom, encapsulated crawlspace with dehumidifier, new exterior paint. Please call to make an appointment.
Source: NORTHCAROLINAREGIONAL #100501673
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 #100501673
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.