Walking distance to the ICW, ocean, skate park, municipal park, restaurants, markets, and shops- welcome to 310 Edgewater Way, an exceptional coastal residence in the highly desirable Waterside community of Surf City! Come check out the 1789 square feet, paid-off and maintained solar, and updated fixtures throughout! Built in 2020, this beautifully maintained 3-bed, 2-bath home offers a thoughtfully designed open and inviting floor plan where high ceilings create an airy atmosphere and an expansive flow connects the living, dining, and kitchen areas. The heart of this home is the gourmet kitchen, featuring elegant cabinetry, ample granite countertop space, walk-in pantry, and stainless-steel appliances ideal for preparing coastal meals and hosting guests. The spacious owner's suite provides a peaceful retreat with a large 5 foot walk-in shower, dual vanities, updated fixtures, and generous closet space. Two additional bedrooms and a well-appointed guest bath complete the interior, offering comfortable accommodations for family and visitors alike. A major value-add to this home is the solar system already in place fully paid for by the seller, offering reduced utility costs and long-term energy savings for the next owner. Enjoy the benefits of energy efficiency with no solar lease or payment to assume. Additional features include: two car garage, long and flat driveway, drop zone, and full walk-in laundry room. Outdoor living is equally impressive with an oversized, cozy, covered porch- the perfect spot for morning coffee or evening unwinding. Located just a short stroll from local eateries, shopping, and easy access to Surf City's famed island beaches, this property embodies the relaxed coastal lifestyle buyers seek. Rinse off in the resort style pool, which is adjacent to pickleball and basketball courts and connected to the neighborhood fitness center. Whether you're seeking a permanent residence, seasonal retreat, or investment opportunity in the heart of Surf City, 310 Edgewater Way delivers comfort, convenience, and coastal charm in one irresistible package. With its comfortable design, coastal charm, and unbeatable proximity to beaches, boating, Camp Lejeune, and MARSOC, 310 Edgewater Way is an ideal home for families, outdoor enthusiasts, and anyone seeking a relaxed coastal lifestyle with everyday convenience.
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.
