104 Shard Trl Elizabeth City, NC 27909
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About this home
Trusted lender Pat Miller (NMLS #698968) from Southern Trust mortgage (NMLS #2921) will provide a 1 year lender paid Buydown on this listing. Welcome to 104 Shard Trail — a rare find in today's market! This 4-bedroom, 2-bath home offers an incredible opportunity at a price that's almost unheard of in 2025. Whether you're looking to invest, renovate, or create your dream home, this property sets the stage for possibilities. Situated in a quiet, water-access community, you'll enjoy the lifestyle perks of being near the water without the restrictions of an HOA. The lot offers room to spread out, and the home itself boasts a functional layout that's ready for your personal touch. With some TLC, you can bring this home back to life and unlock its full potential. Affordable homes like this simply don't come around often. Take advantage of this chance to own in a sought-after area of Elizabeth City and reimagine 104 Shard Trail into something truly special.
Source: NORTHCAROLINAREGIONAL #100527618
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.