624 Arabella Dr, Jacksonville, NC 28546
4 beds · 2 baths · 2,062 sqft
Welcome Home! This beautiful 4 bedroom 2 bath home is waiting for it's new owners. The seller is putting in NEW LVP flooring, it is being installed in the Entry, Living room, Dining room, Kitchen, Hallway and Master Bedroom and a NEW water heater has also just been installed. This house is located in Carolina Plantations a sought after neighborhood in Jacksonville, minutes to Camp Lejeune, shopping, hospitals and close to area beaches. Come look at this homes spacious floor plan. Upon entering you be greated by a spacious foyer and a welcoming livingroom that offers an open floor plan to the dining room and kitchen area. The livingroom has a beautiful fireplace, valuted ceiling and extra large ceiling fan. Adjacent to the livingroom is the kitchen and dining area. The kitchen is spacious with a large pantry, ample counter space and a breakfast bar also perfect for entertaining. The dining area is spacious and has a walk out to the back yard, perfect for summer entertainment. Just down the hall are two bedrooms both with large closets one bedroom has built in unfinished shelving and in the hallway a shared full bathroom that features a tub shower combo. On the other side of the house is the master suite with trey ceilings, large ceiling fan and walk in closet, the master ensuite features dual vanity sinks, soaking tub and a standing shower. The house also features a FROG with a full bedroom or office upstairs. This house also offers a 2 car garage and a fully fenced rear yard with an above ground pool and shed. This house has plenty of storage with closets down all the hallways and a full laundry room and utility closet just off the garage. Call for your own tour today and see how spacious this house is and make it your own.
Source: NORTHCAROLINAREGIONAL #100489328
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100489328
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.