202 Live Oak Dr, Wrightsville Beach, NC 28480
3 beds · 3 baths · 2,598 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Discover this exceptionally constructed and thoughtfully designed 3-bedroom, 3-bathroom retreat, located in the beloved and highly sought-after South Harbor Island neighborhood—a tight-knit, family-friendly coastal community known for its walkability, water access, and festive spirit. Whether it's front-row seats to the iconic Holiday Flotilla or the epic neighborhood Halloween trick-or-treating, this location offers a true sense of connection and charm. With over 2,500 square feet, the home's smart reverse floor plan and southern-facing orientation take full advantage of the abundant natural light and breathtaking views of Banks Channel, the south end of Wrightsville Beach, and Masonboro Island in the distance. The open living spaces flow seamlessly onto three spacious decks, perfect for entertaining or simply soaking in the dynamic coastal scenery. Interior highlights include reclaimed heart pine floors from Florida rivers, a private elevator for convenience and accessibility, ground-level flex space offering endless possibilities, and newer kitchen appliances. Crafted for both beauty and durability, the exterior features long-lasting Philippine Mahogany siding, Andersen windows, and a premium copper roof. Step outside to find a versatile yard with multiple outdoor living spaces, a fire pit, and even the potential for expansion or even a pool. After a beach day, rinse off in the outdoor shower and relax in your personal coastal haven. Just steps from public sound access and the neighborhood pocket park, this home is ideal for biking, paddling, or catching up with neighbors under the canopy of live oaks. 202 Live Oak Drive offers a rare blend of coastal charm, quality craftsmanship, and community-centered living in one of Wrightsville Beach's most treasured neighborhoods.
Source: NORTHCAROLINAREGIONAL #100505341
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100505341
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.