This charming single-family home located in the desirable gated community of Highlands at Queens Creek offers a spacious residence with approximately 2,132 square feet of living space. Featuring 4 bedrooms + a bonus bedroom or flex space (that has been upfitted with sound dampening walls and insulation), 2 1/2 bathrooms, 2 car garage and an additional parking pad for additional vehicles in the front of the home. Highlights include new carpet and paint throughout the home. A convenient first-floor master suite, providing easy one-level living options, along with custom finishes throughout. The upgraded kitchen boasts beautiful cabinetry and an eat-in dining area perfect for cooking and entertaining. The open concept floor plan connects the family room and kitchen seamlessly. Gather for holiday meals or game night in the formal dining area adjacent to the kitchen. The home sits on a generous lot perched high and out of danger of flood zones. The ample outdoor space offers a peaceful, private setting. The back yard is equipped with gates on each side of the home as well as an exterior 220 outlet for a camper. Hubert provides easy access to Camp Lejeune, MCAS and Stone Bay (via NC-172), making it ideal for military families, while proximity to local public schools, beach areas, boat launches, beaches/beach accesses, Downtown Swansboro and local amenities adds to its appeal on North Carolina's Crystal Coast. The seller is offering a one year home warranty up to $500.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
