126 Trombay Dr Wilmington, NC 28412
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About this home
Luxury estate on 2.16ac. in the heart of Wilmington, minutes from the Cape Fear Riverfront and the Intracoastal Waterway, featuring 4 bedrooms, 4.5 baths, and 3 bonus rooms offering the flexibility for a home office, theatre and/or game room. This home offers many sought after amenities including solar panels (paid off), a new whole-house generator, a 3-car garage with a workshop, an in-law suite, and an inground pool. The interior has been thoughtfully designed and updated with new LVP flooring, light fixtures and modern hardware. The kitchen showcases brand-new cabinets, quartz countertops, designer backsplash and new appliances. Every bathroom has been tastefully renovated with refinished showers, new vanities, mirrors, faucets, and toilets. The new sliding glass doors and windows flood the home with natural light while enhancing energy efficiency. The in-law suite features a private entrance from the exterior of the home, providing privacy and easy access without needing to go through the main house. Within the suite is a second kitchen, also updated and has all new appliances. In addition, there is a separate living room, a full bathroom and a private room with a closet and window. The upgrades continue outside with fresh exterior paint, new garage doors and a partial roof replacement. The front yard is beautifully landscaped featuring mature trees; while the backyard offers plenty of room for entertaining or relaxing in the sun by the pool. For extra peace of mind, the pool liner and pump were recently replaced. As a bonus, this property is located near shopping, dining and schools like Cape Fear Academy, UNCW, and more.
Source: NORTHCAROLINAREGIONAL #100527627
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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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