3106 Drew Ave New Bern, NC 28562
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About this home
A great opportunity to own a home in the Longleaf Pines Neighborhood within the Creekside Elementary School District. This four bedroom home has only had one owner and well taken care of. The kitchen is wide open for easy cooking and lined with a bar that looks easily into the living room. Natural gas is ran to fireplace and water heater with potential for kitchen or other services. There are hard-wood floors in the entry and living room, with carpet in the bedrooms. It features a full 2 car garage, a wooded portion of the backyard for privacy and sits on a slab for easy access to the front door and alleviation of crawl-space worries. This property is in a prime location surrounded by neighborhoods like Carolina Colours, Taberna and Gables Run and less than a mile from grocery, bank, salon, gas, shipping and shopping stores. The neighborhood itself features 2 ponds, available for fishing and sidewalks with street lights for easy walking. Furthermore there is much to explore with Historic Downtown New Bern less than 6 miles away, MCAS Cherry Point back gate less than 10 miles away and Atlantic Beach only 35 miles away. With all these positives elements this is a place you don't want to miss.
Source: NORTHCAROLINAREGIONAL #100534768
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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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