810 Seathwaite Ln SE, Leland, NC 28451
4 beds · 3 baths · 2,417 sqft
Coastal lifestyle at an affordable price. Welcome to Hawkeswater by the River, a boating community within 10 minutes of Wilmington. This stunning 4-bedroom, 2.5-bath home is designed for modern comfort and style. The spacious kitchen features granite countertops, large center island, stainless steel appliances, recessed lighting, and a large pantry, perfect for all your culinary needs. Enjoy meals in the formal dining room or relax in the inviting living spaces adorned with durable LVT flooring throughout the downstairs. The expansive 2nd floor master suite offers a true retreat, complete with a luxurious master bath featuring a standalone shower, double vanity, and a walk-in closet. The 2nd floor opens to a large common area opening to the master suite, 3 additional bedrooms, a 2nd full bath, and a nicely sized laundry room with ceramic tile flooring. Step outside to a large, custom-covered patio, ideal for entertaining or relaxing, opening to a well-kept, irrigated backyard surrounded by a privacy fence and complete with a large storage shed. This home combines elegance and functionality, making it the perfect place to call your own! If you are seeking affordable water access, Hawkeswater residents have access to a 42 slip marina with 2 slips designated for day use. Homeowners who desire to leave their boat in the water can purchase a slip. For daytrips, simply use the Belville boat ramp to access the river and reserve the dayslip for a quick overnighter. Reach out for more information on the use of the marina or boatslip purchase.
Source: NORTHCAROLINAREGIONAL #100484766
Financials
Source: NORTHCAROLINAREGIONAL #100484766
Source: Public records
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%. 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.
Other resourcesWhat 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.