1629 Marlin Spike Way SW Ocean Isle Beach, NC 28469
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About this home
Ever dreamed of living the beach life? This gorgeous home is priced to sell with a new massive price reduction. Discover coastal charm and modern luxury at 1629 Marlin Spike Way, Ocean Isle Beach—a stunning two-bedroom, plus bonus room, two-bath retreat designed for comfort and style. Bonus room ideal for a home office, extra sleeping area, craft or play room. Nestled in the sought-after community of Waterway Cove, this meticulously maintained property boasts modern finishes, lovely built-ins, plantation shutters, and a bright, open-concept layout perfect for entertaining. Enjoy the spacious bedrooms, spa-like bathrooms, separate laundry area, and lots of storage throughout, and a very large two-car garage. Step outside to a lovely landscaped yard and enjoy the coastal breeze. You will love the gorgeous large front porch perfect for morning coffee or evening gatherings, which overlooks beautiful green space with a firepit right across the street. Conveniently located near pristine beaches, top-rated golf courses, fantastic shopping and dining. Waterway Cove offers serene walking trails, resort-style amenities, including a clubhouse, fitness center, and community pool just steps away. Home warranty offered for additional peace of mind. This is your chance to own a piece of paradise! Schedule your private tour today.
Source: NORTHCAROLINAREGIONAL #100491620
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Close stress-free in 45 days, handled start to finish by Roam.
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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.