1754 Penelton Ct SE Bolivia, NC 28422
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About this home
Welcome to this beautifully designed 2-bedroom, 2-bathroom cottage, nestled in the highly sought-after Bella Point Subdivision. This newly built home, with custom updated painting throughout, offers 804 square feet of thoughtfully laid out space, combining modern amenities with a cozy, inviting atmosphere. This home is perfect as a primary residence, second home, or investment property. Step inside to discover a spacious open floor plan, highlighted by stainless steel appliances, LVP flooring and smart home technology. The walk-in closet in the master suite provides plenty of storage, while the sleek bathrooms offer both comfort and style. The Bella Point community is designed for active and social living, featuring a sparkling pool, fitness room, and a beautifully appointed pool house. After a long day, unwind by the fire pit, or take a leisurely stroll through the picturesque surroundings. With its prime location in Brunswick County, you're just minutes away from local shops, restaurants, and beaches, making this the perfect place to call home. Come experience the ideal blend of modern convenience and relaxed coastal living. Schedule your tour today!
Source: NORTHCAROLINAREGIONAL #100524246
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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.