292 E Second St Ocean Isle Beach, NC 28469
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About this home
Welcome to 292 East Second Street in Ocean Isle Beach, where coastal living meets modern comfort. This beautifully updated three-bedroom, two-and-a-half-bathroom home offers the perfect retreat just steps from the pristine shoreline. The interior showcases luxury vinyl plank flooring throughout, creating a seamless flow between living spaces. The kitchen features contemporary updates, while the cozy propane fireplace with stunning tile surround serves as a focal point for gathering. The spacious primary suite includes a private ensuite bath and a large walk-in closet which is a rare find on the island, providing comfort and convenience after long beach days. Upstairs, you'll find two additional bedrooms and another full bath—ideal for family and guests. Custom trim and crown molding highlight the home's quality craftsmanship. Step outside to your private backyard oasis, complete with an inground pool—perfect for cooling off or entertaining friends and family. Brand new composite decking with aluminum railings ensures low-maintenance outdoor living designed for relaxation and memorable gatherings. Additional features include updated bathrooms, a newer roof installed eight years ago, and the home is being sold fully furnished (some exclusions) for immediate move-in convenience. Located in the heart of Ocean Isle Beach, this property offers easy access to sandy beaches, fishing, dining, and charming coastal attractions. With excellent condition and thoughtful updates, it's a standout opportunity for a permanent residence, vacation retreat, or investment property.
Source: NORTHCAROLINAREGIONAL #100529253
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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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