617 Sumter Ave # 1, Carolina Beach, NC 28428
3 beds · 3 baths · 1,501 sqft
Welcome to 617 Sumter Avenue Unit 1. A sophisticated coastal retreat that perfectly blends modern luxury with the relaxed charm of Carolina Beach, NC.This home elevates everyday living with a seamless mix of indoor elegance and outdoor appeal, where every detail is crafted for exceptional comfort. Exquisite Entry: Step into this stunning residence, where an expansive open floor plan welcomes you with abundant natural light & modern sophistication. Gourmet Kitchen Delight: The heart of the home is an open plan kitchen featuring luxurious quartz countertops, a tiled backsplash, & a premium Whirlpool Gold stainless steel appliance package. Entertainer's Paradise: A spacious island with seating, soft-close modern cabinets, & a pantry creates the perfect setting for culinary creativity & lively gatherings. Light & Air: Skylights & soaring cathedral ceilings enhance the home's airy ambiance, making every room feel grand & inviting. Outdoor Serenity: Enjoy a beautiful balcony designed for relaxation, where you can savor coastal breezes & captivating views. The second floor hosts the owner's suite—a private haven complete with an ensuite bath featuring subway tiles in the walk-in shower & a dual vanity. An additional half bath on this level adds convenience for guests. The lower level features two bedrooms sharing a well-appointed bath, plus a laundry closet equipped with a newer washer & dryer that convey with the home. The back bedroom opens directly to a beautifully landscaped backyard. Throughout the home, luxury vinyl planks & matched wooden stair treads add a refined touch. Tinted windows, zoned HVAC, & energy-efficient features keep the home cool & reduce utility expenses. The attached garage has epoxy floor & garage door openers. Outside, enjoy low-maintenance rock scaping, an outdoor shower, an outdoor grill-mate granite sink, & a picnic table. With the Island Greenway just steps away and many local attractions nearby, every day feels like a vacation!
Source: NORTHCAROLINAREGIONAL #100491131
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100491131
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.