552 Moss Lake Ln, Holly Ridge, NC 28445
4 beds · 4 baths · 2,863 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 552 Moss Lake Lane in the coveted gated community of Summerhouse on Everett Bay. This property built by Logan Homes has a ton to love and showcases 1.5 lots with plenty of stand-off between neighbors, 4 bedrooms, 3.5 bathrooms, 2,863 sqft, and overlooks the gorgeous Moss Lake! As you walk inside you are met by beautiful, vaulted ceilings with custom boarding to provide an upgraded appearance and open concept living between the kitchen, dining room, and family room. Your eyes will immediately be drawn to the backyard and the wonderful views of the lake as you make your way through the house. Downstairs you'll find 3 bedrooms and 2.5 bathrooms to include the master suite. Inside the master bedroom you will enjoy more views of the water, a large bathroom with an oversized walk-in shower, closet with tons of space, and access to the laundry room. The kitchen has a giant island that allows for additional seating, a walk-in pantry, and hall tree to store your jackets and bags as you walk out to the garage. Upstairs you'll find the guest suite with full en-suite bathroom and walk-in closet- this room is huge and opportunities are endless! You will also find a large storage room that is ready to be finished and add an additional 270+ sqft to the house. Outside you'll enjoy beautiful landscaping, a fenced in backyard, large screened in porch- all of which provide great entertainment value! The way that this property is positioned along Moss Lake allows for views of the water along the entirety of the lake and has privacy provided by the trees. You'll love the sunsets over the water! Additional amenities provided by the community include day docks, a clubhouse, resort-style pool, full gym, tennis courts, boat/RV lot, and private community access to the intracoastal waterway. Schedule your showing today!
Source: NORTHCAROLINAREGIONAL #100497683
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100497683
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.