605 Inlet Acres Dr, Wilmington, NC 28412
4 beds · 3 baths · sqft sqft
Tucked away off a private sand road, this unique 4-bedroom, 3-bathroom home offers an extraordinary blend of comfort, privacy, and outdoor living. Updated with new LVP flooring in 2023, the home features two primary suites, making it perfect for multi-generational living or hosting guests. A 50-AMP Power inlet box for portable whole-house generator, water filtration system, and recently updated well pump and tanks ensure convenience and peace of mind. Entertain with ease in the fully furnished outdoor kitchen, complete with a commercial 2-basket propane deep fryer, full-size flat iron griddle, stovetop with oven, gas grill, refrigerator, cabinets, and running water with electric hookups. Cool off in the 12 x 24 fiberglass saltwater pool, surrounded by an aluminum fence and complemented by a custom pump house with additional storage and a whirlpool refrigerator. Guests will feel at home in the remodeled 2-bedroom camper, which boasts custom finishes and full water and electric hookups. The property also includes a custom-wired workshop, garden shed, mower shed, storage building, and a chicken house with a fenced pen. Additional highlights include an outdoor shower, fish cleaning station, raised garden beds, and a fully fenced front and back yard. A custom carport with concrete block knee walls, electric connections, and lighting offers sheltered parking. Children will love the custom-built playhouse, while garden enthusiasts will appreciate the raised beds and expansive variety of mature trees, including live oaks, crape myrtles, sabal palms, longleaf pines, pindo palms, windmill palms, mimosa, and swamp willow. This unique property offers a rare combination of modern amenities, custom craftsmanship, and natural beauty, making it the perfect Carolina Beach retreat for those who value privacy and space. **All appliances to convey, pool furniture to convey. Home warranty offered with reasonable offer.**
Source: NORTHCAROLINAREGIONAL #100461559
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100461559
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: #100461559
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.