359 Frisco Way Holly Ridge, NC 28445
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About this home
Located in Holly Ridge, you're just minutes from Topsail Island's beaches, Stone Bay, and a short drive to both Jacksonville and Wilmington. Whether you're spending the day on the sand, golfing nearby, or exploring the area's shops and restaurants, this location makes it easy to enjoy it all. Inside, you'll find over 1,500 square feet of thoughtfully designed space with 3 bedrooms, 2.5 bathrooms, and a 1-car garage. The spacious primary suite features vaulted ceilings, an oversized walk-in closet, and a private bath with dual sinks and a large shower with dual shower heads. The open-concept main level is perfect for both relaxing and entertaining, with the living room flowing into the kitchen. Here, you'll enjoy stainless steel appliances, plenty of cabinet and counter space, and room for everyone to gather. The upstairs laundry closet adds convenience, while the additional bedrooms and full bath offer space for guests, hobbies, or a home office. Whether you're looking for a primary residence, a vacation escape, or an investment opportunity, this home offers comfort, style, and proximity to the coast. Schedule your private showing today and experience all it has to offer. For information about our preferred lender and the incentives you may qualify for, please ask your agent to review the agent comments for additional details.
Source: NORTHCAROLINAREGIONAL #100524411
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.