120 Cormorant Dr Swansboro, NC 28584
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About this home
NEW SIDING! 3 BED+BONUS! LOCATION! Beautiful Family Home on Oversized Corner Lot in Sought-After Halls Creek with Brand New Siding! Welcome to this immaculate 3-bedroom, 2.5-bath home with a large finished room over the garage (FROG), nestled on a generous corner lot in the desirable Halls Creek community. Perfectly designed for family living, this property boasts a HUGE fully fenced backyard with a wired workshop/shed. Inside you'll love the spacious and inviting main floor featuring newer luxury vinyl plank flooring, a cozy living room with a fireplace, and an open dining area perfect for entertaining. The large kitchen can also fit a separate dining table and is outfitted with granite countertops, soft-close cabinetry, a custom island and modern finishes that make everyday living a pleasure. Upstairs, the primary suite offers comfort and style with LVP, dual walk-in closets, and a beautifully appointed en-suite bathroom with dual vanity accessed through a charming barn door. Two additional, generously sized bedrooms and a full bath provide plenty of space for family or guests. The upstairs also features a laundry room, a versatile loft space ideal for a home office or reading nook AND the large bonus room/FROG with a vaulted ceiling—perfect as a playroom, media space, or guest room. This standout corner lot includes a large privacy fence, double gates for RV or boat storage, and a 12' x 24' workshop complete with power and water. Enjoy outdoor living with a stone fire pit, an outdoor sink and fish cleaning station, AND a spacious deck—perfect for gatherings or quiet evenings under the stars. Located just minutes from the water, Hammocks Beach State Park, and the pristine shores of Emerald Isle, this home combines convenience, comfort, and coastal living at its best! All appliances and the playset can convey!
Source: NORTHCAROLINAREGIONAL #100518760
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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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