370 Carr Ave Rocky Point, NC 28457
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About this home
Charming cottage home in the heart of Rocky point. Live on a a Hallmark picturesque street. Nostalgic 1900's period shaker a farmhouse style homes line Carr Ave with white picket fences. You will feel right at home in this 1929 two story farmhouse with a rock chair covered, wrap around porch. Enjoy the large entry foyer with coat closet, walk through the archway into a large open living room with tall ceilings and wood-burning fireplace. You will love the large expensive windows that frame each room of this house. Charming character are everywhere you look from the detailed trim and baseboards, archways, and paneling. You won't find a home quite like it anywhere else. The living room and dining room are an open floor plan wonderful for Holliday entertaining. Enjoy hardwood floors throughout the main level dining room with built-in China cabinet buffet. Kitchen with warm wood cabinets, tons cabinets and countertop space. Walk in laundry room with store closet. You'll find this home very functional even though it was built in 1929. Downstairs holds three potential bedrooms and two full bathrooms. The master bedroom has its own private bathroom with stand-up shower. Bedroom two has been used for a craft in art room, but could make a nice guest room. And the third bedroom downstairs is set up as a sunroom or guest room, space with cedar line walls. You'll fall in love with this beautiful hallway with farmhouse staircase. Electric mobility chair will remain with the home. Upstairs is a charming hallway with two large bedrooms. Note these rooms do not have built-in closets. There was a very large walk-in closet, built for both rooms to share at the end of the hallway. This potential space could be combined to make a really great upstairs. Master bedroom. There is also an office or playroom space with a full bathroom attached. Outside you will fall in love, from relaxing on the back deck and looking out over the quaint courtyard style backyard with cottage Playhouse If the house didn't have enough space there is a detached two car garage that is almost 900 ft. This property is located less than a mile to the I 40 highway access, gas station, shopping, and restaurants and is convenient . If the house didn't have enough space there is a detached two car garage that is almost 900 ft. Close to Castle Hayne. Love living just outside the hustle and bustle of busy Wilmington. Or if you're looking for a midway point for a job commute from Jacksonville, look no more. This property is truly one of a kind.
Source: NORTHCAROLINAREGIONAL #100538135
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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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