8604 Orchard Loop Rd NE, Leland, NC 28451
3 beds · 2 baths · 1,338 sqft
More photos coming Thursday! Showings start Friday March 21st! Welcome to this beautiful 3-bedroom, 2-bathroom home in the heart of Leland! Just 10-15 minutes from downtown Wilmington and about 30 minutes to Wrightsville Beach, Oak Island, and Carolina Beach offering the perfect balance of convenience and coastal living! Step inside to a open-concept living area with high vaulted ceilings, laminate flooring throughout and no carpet! The spacious kitchen features plenty of counter space, and cabinets making it great for cooking and entertaining! The large owner's suite boasts an en-suite bathroom with a soaking tub, while the two additional bedrooms provide plenty of space for a growing family or home office. Both bathrooms have durable tile flooring. Enjoy outdoor living with a fully fenced backyard, expansive concrete patio slabs, and plenty of space for play, gardening, or entertaining. The one-car garage adds convenience and extra storage as well! Nestled in a lovely neighborhood with sidewalks, you'll love taking evening strolls around the two neighborhood ponds or relaxing at the gazebo and picnic area. Don't miss this opportunity to own a charming home in a fantastic location!
Source: NORTHCAROLINAREGIONAL #100495206
Financials
Source: NORTHCAROLINAREGIONAL #100495206
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.