3236 Penzance Row Wilmington, NC 28412
Your savings
About this home
Motivated Seller - $4,000 in Buyer Incentives! Take advantage of $4,000 toward closing costs with the preferred lender. Discover this stunning 3BR/2BA Martin Ray in the sought-after Del Webb Riverlights 55+ community—where style, comfort, and resort living come together. This beautifully upgraded home welcomes you with crown molding, elegant flooring, and a versatile flex room with French doors—perfect for an office, den, or guest space. The gourmet kitchen is a showstopper, featuring quartz countertops, under-cabinet lighting, walk-in and butler's pantries, LG SmartDoor refrigerator, and KitchenAid double ovens with a 5-burner gas cooktop. Unwind in the living room beside a granite-surround fireplace with built-in 5.1 surround sound, or relax in the sunroom overlooking serene wooded views with no rear neighbors. The primary suite is your private retreat, complete with tray ceiling, custom walk-in closet, and a spa-like bath with dual granite vanities and a large tiled shower. Step outside to a fenced backyard designed for easy living, plus a garage that offers a utility sink/dog spa, refrigerator, and convenient walk-up attic storage. Residents of Del Webb Riverlights enjoy exceptional amenities—an expansive clubhouse, indoor and outdoor pools, spa, fitness center, pickleball, tennis, bocce, dog park, and a 38-acre lake with trails and kayak launch. Lawn care, a lifestyle director, and 50+ social clubs make every day feel like vacation. Just minutes from Marina Village, downtown Wilmington, and the beaches—this is the coastal lifestyle you've been waiting for.
Source: NORTHCAROLINAREGIONAL #100513881
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.