1431 Eastbourne Dr Wilmington, NC 28411
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About this home
Location, Location, Location PLUS the feeling of home all wrapped into one! 1431 Eastbourne Dr is a gorgeous 4-Bedroom, 2.5-Bath Home ideally situated on the inside loop & backing up to the community pond within the well-established Hanover Reserve neighborhood. While stepping inside you will first pass an inviting front porch. Upon entering the welcoming foyer, you will take in the abundance of natural light along with the striking LVP flooring which boasts throughout the main living quarters downstairs. On your left sits a multipurpose den/home office followed by a formal dining room. Continuing with the open concept the main living area provides a delightful place to host or just a peaceful setting to relax in front of the gas fireplace. The spacious kitchen offers an island which provides ample prep space and extra storage. This fabulous kitchen has just been updated with all new stainless-steel appliances . The breakfast nook adjacent to the kitchen is a cozy place to enjoy a meal, a cup of coffee while soaking in a sunset. For an even better view, enjoy sitting in the screened-in back porch or even better yet make a real fire in your own outdoor wood burning fireplace while relaxing in your own hot tub. This backyard oasis is so well designed and will allow you to escape all the ''noise of this world''. For more comfort, a privacy fence surrounds the whole back yard enhanced with mature landscaping. Back inside, at the top of the stairs you will find the master suite with a colossal walk-in closet, soaking tub, walk-in shower and double vanity sinks. There are 3 additional ample size bedrooms with generous closet space separated by a full hall bathroom. Extra Bonus: there is a 3rd unfinished floor with 546 sqft full of potential! The location of this home is ideal; a few turns to the new Military Cut Off Bypass getting you anywhere your heart desires in and around Wilmington in minutes to Beaches, shopping, restaurants. downtown ILM, airport, schools...
Source: NORTHCAROLINAREGIONAL #100537762
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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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