5901 Mclean St, Emerald Isle, NC 28594
4 beds · 4 baths · sqft sqft
Nestled in the tranquil coastal town of Emerald Isle, this home stands as a beacon of luxurious living amidst the serene backdrop of the Atlantic Ocean. This stately home boasts an impressive facade, crafted entirely from enduring brick, promising timeless elegance and durability against the elements. As you approach the residence, a sense of grandeur envelops you, accentuated by the newly sodded lawn and mature landscaping that frame the property. The allure of this home is immediately evident as you step into the foyer, where natural light dances playfully across the . LVP floors. This floor is where the spacious guest bedrooms are located. As your go upstairs the heart of the home unfolds before you, revealing an expansive living space that seamlessly integrates the living room, dining area, and gourmet kitchen. Ceilings adorned with recessed lighting create an airy ambiance, sliding door to the deck offers views of the surrounding landscape, inviting the outdoors in. The gourmet kitchen is a chef's dream, outfitted with top-of-the-line stainless steel appliances, granite countertops, and ample custom cabinetry, providing both style and functionality for culinary enthusiasts. A generously sized island serves as the focal point, offering additional seating and serving space, perfect for entertaining guests or casual meals. Retreating to the bedrooms, you'll find respite and comfort in the four spacious bedrooms, each meticulously appointed ample closet space, and luxurious baths featuring designer fixtures and finishes. The owner suite is a haven of tranquility, boasting a private spa-like bath with a soaking tub, separate walk-in shower, and dual vanities, offering a sanctuary for relaxation and rejuvenation. For the avid car enthusiast or outdoorist , the attached 2 bay, 4 car garage offers ample space to accommodate vehicles and recreational equipment, with the added convenience of RV parking for 2 vehicles, ensuring that every adventure is w/in reach
Source: NORTHCAROLINAREGIONAL #100446153
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100446153
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: #100446153
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.