113 Page St Teachey, NC 28464
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About this home
Welcome to the Town of Teachey and discover this charming brick ranch-style home ready for your immediate enjoyment. Boasting a thoughtfully designed layout with three comfortable bedrooms and two well-appointed bathrooms, this residence features a gracious formal living room with a ventless gas log fireplace, perfect for hosting cherished family gatherings and creating lasting memories with friends. The inviting cozy sunroom, nestled at the rear of the home, offers versatile extra space, ideal for nurturing your floral passions or providing convenient storage solutions to keep your living areas clutter-free. Rest easy knowing the HVAC system was thoughtfully upgraded in 2022, ensuring year-round comfort and efficiency. Nestled on a generous 2-acre lot, this property is a true haven, adorned with mature trees that provide both shade and a tranquil ambiance. Imagine the possibilities - a flourishing garden bursting with vibrant colors, or a spacious, secure play area where your beloved furry companions can enjoy the great outdoors. This oversized lot represents an exceptional opportunity, brimming with endless potential to tailor this property to your unique lifestyle and aspirations. Enhancing the allure of this exceptional property is a backyard oasis, featuring a detached garage/workshop complete with its own private driveway - an absolute dream come true for the discerning craftsman, dedicated woodworker, or anyone seeking a dedicated space for hobbies and projects. Furthermore, a practical shed is conveniently available for neatly storing all your gardening essentials and yard tools, maintaining a tidy and organized outdoor environment. Enjoy unparalleled convenience, situated just moments away from Interstate 40 and a mere 45 minutes from the breathtaking beauty of the NC coast. Do not miss this remarkable opportunity! Arrange your private tour today and embark on a journey to discover your dream home in the heart of Teachey.
Source: NORTHCAROLINAREGIONAL #100523523
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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.
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