845 Pine Forest Rd, Wilmington, NC 28409
3 beds · 3 baths · 1,921 sqft

Get a free consultation call with an expert in the mortgage assumption process.
This beautiful, well-maintained home offers the perfect blend of comfort and convenience! Centrally located in the Monkey Junction area, you'll enjoy easy access to area beaches, downtown Wilmington, dining, and shopping. The 3-bedroom, 2.5-bath home is full of desirable features, including a first-floor master suite with two walk-in closets, a double vanity, and a tiled walk-in shower. The bonus room over the garage provides flexible space for an office, gym, or playroom. Additional highlights include four walk-in attics, stunning wood and tile flooring, and a cozy fireplace. Relax on your recently installed back deck and take in the beautifully landscaped yard, filled with blooming perennials such as azaleas, hydrangeas, camellias, and more. Recent upgrades include 31 solar panels (with warranty), a new vapor barrier and crawlspace insulation, and fresh exterior paint. With so much to offer, this is an opportunity you won't want to miss, so schedule your showing today!
Source: NORTHCAROLINAREGIONAL #100499351
Source: NORTHCAROLINAREGIONAL #100499351
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.
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.
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.
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 “Save search” 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.
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 620, 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.
