2208 Drawing Ct Wilmington, NC 28412
Your savings
About this home
Beautiful brick townhouse at The Forks at Barclay built by Trusst Builder. This home has the popular Plum Island II floor plan with 3 bedrooms, 3 bathrooms, and an office. As you walk up, there is a big front porch with a swing and view of the pond across the street. Enter the home through the double doors with an open foyer and wood floors throughout the common areas. A guest bedroom and full bath are off a privacy hall to the left. Entry to the two-car garage with a storage closet, and laundry room are off to the right. On the 2nd floor is a 3rd bedroom/bonus room and bathroom with a closet that leads to the walk in attic. The living room is spacious with built-ins, a gas fireplace, and coffered ceilings. You will find many custom features, including plantation shutters, two 8-foot telescoping sliding doors (one with 3 panels and one with 2 panels), crown molding, wainscoting, and rounded edge walls. The kitchen has lots of counter space, granite countertops, an island, stainless steel appliances, and a large sink. Off of the kitchen, is a dining area with an illuminated tray ceiling. There is a large main bedroom with a backlit tray ceiling, sitting area, and access to the porch. In the main bedroom there is lots of closet space with two separate walk in closets. The en-suite has a double sink vanity, a large tiled shower, and a water closet. Enjoy the screened in sky-lit porch and large fenced-in backyard with ornamental shrubbery and trees. The HOA maintains your lawn and most of the exterior. Situated in Midtown, this home is close to shopping, restaurants, healthcare facilities, the Pointe, Cameron Art Museum, and has direct access to the Cross City Trail.
Source: NORTHCAROLINAREGIONAL #100510644
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.