369 Toulon Dr Wilmington, NC 28405
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About this home
Your perfect home awaits! This beautiful home backs up to our neighbors on Windemere Rd. Literally only minutes from Wrightsville Beach, Mayfaire shopping promenade and much more! NO HOA! Welcome to your new move-in ready home situated on just shy of half an acre boasting magnificent mature trees including four fully grown plum trees! This home has been completely renovated with coastal charm colors and is ready to be loved. Just completed renovations include: a stunning kitchen boasting custom backsplash, leathered granite, custom shaker style cabinets, pantry, porcelain sink, new energy efficient appliances , elegant light fixtures and beautiful island. There is new carpet in 2 bedrooms, newly installed hardwood flooring in the kitchen and great room matching existing original hardwood flooring that has been freshly refinished. Also new is the fully renovated primary bathroom including a gorgeous custom tiled walk-in shower, new sink, fixtures and a new high efficiency toilet. All switches and outlets throughout the home are new as well. Outside, the house has brand new fiber cement board and is freshly painted giving coastal vibes. The property includes a fully refinished storage building with electric; siding, window and door are new. Between 2022 and 2024 the following were updated: Fortified roof, all new Anderson windows in the house excluding primary bedroom and back family room, HVAC and duct work, vapor barrier and insulation installed in crawl space, hall bathroom fully renovated. Custom shades in some rooms. Custom IKEA built in closet system in one of the bedrooms. Picture yourself fully embracing outdoor living on the just (June 2025) rebuilt lovely deck. Don't wait, make your appointment today to enter through the doors of your new home!
Source: NORTHCAROLINAREGIONAL #100514367
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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.