198 Mary Ella Rd Harkers Island, NC 28531
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About this home
This brick ranch on a quiet cul de sac is ready for its new owner. Just minutes from the public boat launch and beach, this property provides easy access to world class fishing, Cape Lookout National Seashore and Lighthouse and the downtown restaurants and shopping in Beaufort and Morehead City. Located in Shaded X flood zone, she sits high and dry. * The crawl space has been encapsulated and conditioned * water softener is included * roof, heat pump and all new ductwork installed in 2019. The back yard is fenced in and contains a large 16'x24' workshop and storage shed. Enter from the covered front porch to the large living room with fireplace, kitchen with plenty of counter space, solid wood cabinets and large pantry. There is a den/office overlooking the backyard with access to the back deck. There are 3 spacious bedrooms, 2 1/2 baths, laundry room with extra deep/large dog wash sink and a 1 car garage with high ceilings and storage shelving. Throughout this home you will notice 6 solar tubes which bring additional daylight into the rooms. Have a boat or RV? The extra wide driveway provides space to park all your toys while still having room for cars. There are views to the water from the back deck and the den. Harkers Island is the ideal place to relax at a slower pace. The ferry system is at the end of the island where you can take a ride to Core Banks and see dolphins and the famous Shackleford ponies on the way. At the entrance to the island is the new high-rise bridge with the pier and park below for fishing or just relaxing by the water. Call for an appointment and make your move to the coast a reality.
Source: NORTHCAROLINAREGIONAL #100522566
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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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