7804 Bonfire Dr, Wilmington, NC 28409
3 beds · 2 baths · sqft
Step into this stunning 3-bedroom, 2-bathroom home offering over 1,700 sq ft of move-in-ready elegance. Located in the highly coveted Tidalwalk subdivision, this home is just a short distance from the beach, shopping, and top-rated schools, making it a perfect choice for anyone seeking convenience and charm. This home boasts a bright and airy open floor plan with luxury wood flooring, high ceilings, crown molding, coffered ceilings, and plenty of natural light throughout. The interior of this home is designed with both style and functionality in mind. From the moment you step inside, you'll notice the attention to detail, such as coffered ceilings in the main living areas that add a touch of sophistication. The open floor plan maximizes both space and flow, making this home feel larger than its square footage. Additionally, large windows throughout the home not only brighten up the space but also provide beautiful views of the surrounding neighborhood. The spacious living room flows seamlessly into the dining area and chef's kitchen, which includes stainless steel appliances, granite countertops, a large island, and ample storage.The primary bedroom is a true retreat, featuring a generous walk-in closet and an ensuite bathroom complete with a dual vanity and a separate glass-enclosed shower. Two additional bedrooms are well-sized and versatile, offering options for additional rooms, a home office, or guest accommodations. Step outside to your private backyard, which includes a covered/screened in patio perfect for morning coffee or evening gatherings. The landscaping is low maintenance, yet lush, creating a serene outdoor space for relaxation or play. Living in Tidalwalk means access to exceptional amenities, including a clubhouse, pool, a dock and fitness center providing endless opportunities for recreation and making memories. Schedule your private tour today and experience everything this property has to offer!
Source: NORTHCAROLINAREGIONAL #100478985
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100478985
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: #100478985
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.