120 Claytor Lake Ct Wilmington, NC 28401
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About this home
Welcome to this stunning 3-story home, built in 2021, located in the desirable Hanover Lakes community! The inviting covered front porch leads you into a spacious and beautifully designed interior. The heart of the home features a stunning, spacious kitchen with the perfect blend of elegance and functionality. Crisp white cabinets line the walls, offering a timeless, bright aesthetic while providing ample storage for all your kitchen essentials. The large gray island serves as a striking centerpiece, adding a touch of modern sophistication while offering additional prep space, seating, and hidden storage. Stainless steel appliances seamlessly integrate into the design, making cooking both efficient and enjoyable. Perfect for entertaining and everyday living, this kitchen is a dream come true for those who love both beauty and practicality. Cozy up by the gas fireplace in the living room, or step through the glass French doors into the bonus room, which is ideal for a home office, playroom, or additional living space. Upstairs, you'll find 4 generously-sized bedrooms, including a large master suite with a beautifully appointed master bath. The master bath conveniently connects to a spacious laundry room on the second floor. Each of the 5 full bathrooms is thoughtfully designed to accommodate the entire household. The screened-in back porch is a peaceful retreat, overlooking the fully fenced backyard, providing both privacy and a perfect setting for enjoying the Carolina evenings. The two-car garage offers plenty of space for vehicles and storage. In addition to the many features inside, residents of Hanover Lakes can enjoy the community pool for added recreation. Don't miss the opportunity to make this gorgeous home yours!
Source: NORTHCAROLINAREGIONAL #100487179
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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.