1263 Frisking Ln SW Ocean Isle Beach, NC 28469
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About this home
Perfectly situated between Ocean Isle Beach and Sunset Beach, 1263 Frisking Lane offers the best of coastal living in a beautifully maintained, one-owner home. Step inside to gleaming hardwood floors that guide you through the thoughtfully designed split floor plan. Enjoy an open-concept living area that flows effortlessly into a charming Carolina room and out to a spacious 12x12 screened porch—ideal for relaxing or entertaining. Step outside to discover a lush, private backyard that has been lovingly designed and maintained with a master gardener's touch. Thoughtful landscaping, mature plantings, and vibrant seasonal color create a serene outdoor retreat with endless possibilities for enjoying coastal life. The kitchen features a gas stove, instant hot water tap, and custom details throughout. Everywhere you look, you'll find quality craftsmanship—wainscoting, crown molding, and beadboard accents add a refined, coastal touch. The large primary suite offers a generous walk-in closet and a spa-like bath with dual vanities and a walk-in shower. Upstairs, a versatile bonus room provides the perfect space for a guest room, home office, craft room, or additional storage—plus easy access to even more floored attic storage. The oversized garage is both wide and deep, ideal for a workshop or extra storage. An outdoor shower adds convenience after long beach days, and the home's tankless Rinnai water heater ensures endless hot water. Located less than 10 minutes from your choice of beautiful beaches, dining, and shopping—with low HOA fees and a prime coastal location—this home truly has it all. Come see for yourself why 1263 Frisking Lane is the perfect place to call home!
Source: NORTHCAROLINAREGIONAL #100538736
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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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