204 Holly St Emerald Isle, NC 28594
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About this home
Nestled in a private setting with the soothing sounds of the ocean, this beautifully cared-for home offers the perfect blend of coastal charm and modern comfort. Located in Ocean Forest subdivision with exclusive private beach access via a quick walk down a shaded pathway on Holly Street or just a quick two-minute drive to gated beach parking, ideal for families with children or lots of beach gear, and near to local Bogue Inlet Pier and Surfs Up Restaurant on the ocean. Ocean Forest also enjoys a soundfront park with fishing pier and kayak launching. And the wide bike path at the end of Holly Street perfect for embracing the Emerald Isle lifestyle allowing you to ride from one end of town to the other without crossing Emerald Drive. Enjoy outdoor living on every level, with wraparound decks on both the top and main floors, plus a ground-level patio surrounded by lush landscaping. The deep backyard features a custom-built 12' x 20' workshop—perfect for hobbies, storage, or a creative space. Inside, the open-concept living, kitchen, and dining area provides a bright and inviting gathering space, while the thoughtful layout includes an open living area with vaulted ceiling, 3 bedrooms, 2.5 bathrooms, a spacious flex room, and outdoor access on all three levels. Beautiful hardwood flooring on top level with LVP installed throughout the main living level and ground level in 2025. Lovingly maintained and move-in ready, this home is a true coastal gem awaiting its next owner!
Source: NORTHCAROLINAREGIONAL #100526445
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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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