4405 Devonswood Dr
Southport, NC 28461
3 beds · 3 baths · 2,573 sqft
$749,500
Get prequalifiedAbout this home
Beautiful like-new home with massive private pond views! Welcome to 4405 Devonswood Dr. This home boasts everything most buyers are looking for: open social floorplan, office, downstairs master, additional downstairs guest bedroom, workshop in garage, FROG w/ full bathroom and also large walk storage upstairs that could be easily converted into even more sq footage. This home has it all and has been maticulously maintained. Enjoy morning coffee and sunrises in the east facing sunroom OR evenings around the fire pit overlooking the pond and private nature views. I have personally seen a 7lb bass caught and released in that pond. Upon entering the home you have a office with french doors for privacy. As you walk past the office you enter the open greatroom. Filled with light, this room enjoys a fireplace, built-in shelve/cabinets and wet bar . The kitchen boasts a gas cooktop, center island sink, and step-in pantry. The Master suite quite large and the tray ceilings give an even larger feel of space. The master bath includes a large walk-in shower, towel heater, large walk-in closets with wooden ventalated shelving, and iron-a-way center. Clever thought was used to add an access door from the bathroom direcetly in to the laundry room for convenience and privacy. The downstairs is finihsed off with guest bedroom and full bathroom. Upstairs you have a split staircase the takes you to a FROG with full bathroom and massive walk-in storage in the other direction. Outdoors offer plenty of space for relaxation OR socializing with a new 200 sq ft of paver patio and a fire pit. Hurry and make 4405 Devonswood yours!
Source: NORTHCAROLINAREGIONAL #100473809
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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