Here is your opportunity to own your own piece of County Living! Located just outside of the Beulaville City Limits in Duplin County, this one of a kind home, sits on 2 lush acres and approximately 3400 heated square feet of home living. Featuring the primary suite on the first floor, 2 bedrooms and a flex room on the 2nd floor, a large bonus room on the 3rd floor along with 2 ½ baths. To the left of the 2 story entry, you will appreciate the enormous main level Primary Suite. This room boasts tile flooring as well as a private en-suite with dual vanities, an oversized soaking tub, new walk-in shower, and not 1, but 2 walk-in closets with custom installed cabinetry. To the right of the entryway, is the formal dining room which flows nicely into the large kitchen with an eat in area, new stove, microwave and refrigerator. The family room has a gas fireplace and built-in shelves. Both the primary suite, family room and kitchen have views of the in-ground pool and large fenced backyard. Off the kitchen is a ½ bath, laundry room with washer and dryer, a large pantry area as well as an attached 2-car garage, making grocery unloading a breeze! Need more storage? This unique property also features a 2-car detached garage, giving you plenty of space for your cars, hobbies and so much more! Some of the recent updates include: a new pool liner with pump and sand filter, new well water tank/pump & filter, new septic pump with wiring and alarm that includes a shut off switch in the primary closet! There are just too many great things to say about this unique property! Schedule your showing today.
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.
