118 Katrina St Sneads Ferry, NC 28460
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About this home
Seller now offering $6500 for the buyer to use as they choose! This two-story home offers just over 1,800 square feet of thoughtfully designed living space and sits in a location that perfectly balances coastal living with everyday convenience. With 3 bedrooms, 2.5 bathrooms, and a spacious two-car garage, this home provides the room you need without sacrificing comfort or charm. As you step inside, you'll immediately notice the fresh paint throughout, giving every room a clean, move-in-ready feel. The main level flows seamlessly, making it easy to host gatherings or simply enjoy quiet evenings at home. Large windows allow natural light to fill the space, while the neutral palette creates the perfect backdrop for your own personal style. The kitchen is well-appointed and, as a bonus, the washer, dryer, and refrigerator all convey with the home—making your move as smooth as possible. Upstairs, you'll find three generously sized bedrooms, including the primary suite with its own private bathroom and plenty of closet space. Two additional bedrooms and a shared full bath complete the second floor, offering flexible options for family, guests, or even a home office. Step outside and you'll appreciate the fully fenced backyard, ideal for pets, play, or simply relaxing with a cup of coffee in the morning. Whether you envision summer barbecues, gardening, or unwinding around a fire pit, this outdoor space is ready to accommodate. The location couldn't be better. Sneads Ferry offers a small-town feel with easy access to Topsail Beach, Jacksonville, and Camp Lejeune—making commutes simple while keeping the coast just minutes away. From boating and fishing to dining and shopping, you'll find plenty of options nearby.
Source: NORTHCAROLINAREGIONAL #100533825
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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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