532 Medcalf Dr SW, Sunset Beach, NC 28468
3 beds · 4 baths · sqft
Discover serenity with this home nestled along the Calabash River with amazing views of the water. The expansive back deck and patio are perfect places to relax and enjoy nature or entertain, while the boathouse and finished, walk-out basement provide both functionality and comfort. A front entry ramp ensures easy access for all. Inside, the interior has been thoughtfully updated, preserving elements like cedar and knotty pine for a nostalgic and charming ambiance. Tall ceilings and large windows in the spacious living room allow natural light to flood the space, complemented by upgraded fixtures. The kitchen has sleek black cabinets that exude modern elegance, complemented by expansive countertops that provide ample space. Along one side of the kitchen, windows fill the space with light and offer a panoramic view of the outdoors. The dining area, with its own charming brick fireplace, serves as a focal point for gatherings. The Carolina room overlooks the back yard and water, offering a serene spot to unwind or work with a view. The master suite is a retreat with a walk-in closet, private bathroom featuring dual sinks, a vanity, whirlpool tub, and separate shower. All bedrooms are sizable, and bathrooms have been updated for modern convenience. The lower level, complete with another brick fireplace, is currently used for games and entertaining but offers flexibility for various uses. Don't miss the chance to make this exquisite property your own, where riverfront tranquility meets comfortable living. Sunset Beach is renowned for its sweeping views, natural beauty, diverse wildlife, and proximity to the serene Bird Island and the iconic Kindred Spirit mailbox. Residents and visitors are drawn to Sunset Beach for its commitment to a more relaxed pace of life, embracing a tranquil ambiance and a genuine, less commercialized coastal experience compared to nearby bustling destinations. Financing incentive offered! Ask agent for details.
Source: NORTHCAROLINAREGIONAL #100450545
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100450545
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: #100450545
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.