9204 Hutton Heights Way SW, Calabash, NC 28467
3 beds · 3 baths · 2,070 sqft
Nestled in picturesque Devaun Park, this classic 3BR/2.5BA home boasts a new roof and offers the perfect blend of cozy charm, spacious living, and buyer incentives w/full price offer! This well-maintained 2000+ sq ft home captures the essence of historic Charleston with its gracious interiors and eye-catching architectural details. The front elevation showcases mature landscaping with stunning camellias, azaleas, and gardenias, leading to tree-lined streets and old oaks dripping spanish moss, setting the stage for a serene lifestyle in a community designed for leisurely strolls and bike rides to the Calabash River. Step inside to discover an inviting open floor plan exuding warmth and sophistication. The first-floor primary suite provides a private retreat with ample storage and an efficient en-suite bath. The heart of the home lies in a wide kitchen with custom cabinetry and open dining space which flows seamlessly into the airy living room featuring a cozy fireplace flanked by built-in bookcases. Upstairs, two spacious bedrooms offer versatility. One features a charming built-in office space and access to a delightful upper porch, while the other presents as a sizable bonus room with custom Murphy Bed and a wall of closets. Outside, you'll find exceptional spaces for relaxation and entertaining. Enjoy morning coffee or evening gatherings on the upper and lower covered porches, or fire up the grill on the inviting grilling deck. The courtyard patio surrounded by mature landscaping, creates a serene atmosphere perfect for alfresco living. The rear-entry two-car garage provides convenience and includes built-in storage solutions, while ample street parking ensures visitors are always welcome. With its unique Charleston-style row house design, you'll appreciate the lifestyle of gardening without the burden of extensive lawn maintenance. Explore all that Devaun Park has to offer, from scenic walkways to the beautifully landscaped Village Square. This is a real gem!
Source: NORTHCAROLINAREGIONAL #100486122
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100486122
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.