542 Transom Way
Sneads Ferry, NC 28460
4 beds · 3 baths · 2,427 sqft
$410,000
Get prequalifiedAbout this home
**Seller is willing to have whole home painted to a color of your choice** *Home has a possible loan assumption at a 3.25 percent interest rate* Welcome to 542 Transom Way, nestled in Oyster Landing subdivision in Sneads Ferry, NC. This spacious 4-bedroom, 2.5-bath home offers a perfect blend of comfort and functionality. Upon entering, you'll find a dedicated office and a formal dining room, ideal for hosting gatherings or creating a private workspace. The heart of the home is the large living room, seamlessly connected to the modern kitchen, featuring an island, a walk-in pantry, and ample counter space for culinary adventures. Upstairs, you'll enjoy a versatile loft area, perfect for a second living space or playroom. The expansive master suite is a retreat of its own, complete with a walk-in shower, a soaking tub, and a generously sized walk-in closet. Step outside to your private oasis—a large backyard with a cozy fire pit, perfect for relaxing evenings under the stars. Enjoy the screened-in patio year-round and make use of the storage shed for added convenience. The community also features a pool, adding to the appeal of this neighborhood. Oyster Landing offers the charm of coastal living, and you're just minutes away from local beaches, the back gate of Camp Lejeune, and all that Sneads Ferry has to offer. Don't miss the opportunity to call this incredible home yours!
Source: NORTHCAROLINAREGIONAL #100470504
Neighborhood
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.
