Charming Coastal Living Awaits in Ocean Isle Beach! Discover the perfect blend of coastal charm and modern convenience in this stunning single-family home located just one mile from the pristine shores of Ocean Isle Beach, NC. This beautifully designed property is an entertainer's dream while offering the tranquility of beachside living. The home is situated on a peaceful dead-end street with no one across the street, ensuring privacy and a sense of community, while conveniently close to local amenities, including shops and eateries. Step inside and be captivated by the open-concept layout, stylish Craftsman details, and an abundance of natural light. The interior showcases exquisite moldings, bullnose corners, and a spacious living area adorned with a vaulted ceiling and decorative beam details. Gather with friends and family in the prestige kitchen featuring granite countertops, a generous island, and stainless-steel appliances, including a cooktop and convection wall oven. The connected sunroom leads to a screened porch and a newly constructed 28x18' paver patio, offering the perfect outdoor space to unwind and soak in the lush, large backyard—a playground for all your outdoor activities. The thoughtfully designed split floor plan offers privacy to the owner's suite, which boasts a trey ceiling, a walk-in closet, and a luxurious ensuite bathroom complete with a walk-in shower, dual sinks, a relaxing soaking tub and separate toilet and linen closets. Two additional guest rooms share a spacious full bath, ensuring comfort for visitors. A convenient drop zone off the garage, a well-appointed laundry room with additional storage and widened driveway enhance the functionality of this one-level home. Enjoy a vibrant lifestyle with approximately 75 championship golf courses within a 25-mile radius, as well as deep-water fishing and a wide array of nearby shopping and dining options. This community fosters a tropical atmosphere with winding sidewalks, making it easy to embrace the delightful beach life. Experience the unparalleled combination of relaxation and sophistication this home has to offer, with Myrtle Beach just 30 minutes away and Wilmington accessible in 50 minutes. Don't miss out on this coastal gem in Ocean Isle Beach!
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.
