4405 Devonswood Dr, Southport, NC 28461
3 beds · 3 baths · sqft
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
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100473809
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.
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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: #100473809
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