512 Medcalf Dr SW, Sunset Beach, NC 28468
5 beds · 5 baths · sqft sqft
Beautiful home with stunning views must be seen to appreciate the beauty. This nearly 5,000 square foot home boasts floor to ceiling windows overlooking Sunset Lake with an abundance of natural light and scenic views. Featuring five bedooms, four and a half bathrooms, a finished lower level that would make an ideal in-law suite or a teenagers gathering paradise for all your friends and family. Lower level also offers a chair lift to assist with mobility issues. The first floor primary bedroom consists of a large walk-in closet and an ensuite with walk-in shower, double vanity and garden tub. The spacious open kitchen features quartz countertops, undercounter and above cabinet ambient lighting and a large island. Other features include an office, bonus rooms and abundant storage. A new roof in 2023, geothermal hvac and a well for irrigation round out this meticulously maintained home located just minutes to Sunset Beach Island, restaurants, shopping and service providers. And just an hour to either Myrtle Beach or Wilmington.
Source: NORTHCAROLINAREGIONAL #100456919
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100456919
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #100456919