400 Ragan Rd Oriental, NC 28571
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About this home
Welcome to an exceptional blend of luxury, comfort, and artistic design in this beautifully reimagined 3-bedroom, 2.5-bath home in the charming town of Oriental. From the moment you arrive, this residence reflects thoughtful craftsmanship and serene living. Inside, a bright, open living room features soaring cathedral ceilings and expansive windows that flood the space with natural light. Bamboo flooring and granite countertops highlight the home's refined updates. The fully renovated kitchen is a chef's dream, with wood cabinetry, a large granite island, a stainless steel farmhouse sink with a reverse osmosis faucet, and a full suite of modern appliances—including a brand-new gas cooktop and electric wall oven. Tucked just off the kitchen is a cozy Carolina room, the perfect spot to enjoy your morning coffee while overlooking the lush landscaped yard. The adjacent dining room offers effortless flow for entertaining. The main floor includes a serene primary suite, a spacious home office, and a flexible bonus room—currently a laundry area, easily can convert to a fourth bedroom. Upstairs, two guest bedrooms offer peaceful privacy, complemented by a charming sitting area ideal for reading or quiet conversation. Separate HVAC zones ensure comfort year-round. Outside, enjoy multiple inviting spaces: a screened breezeway, sun-drenched patio, and peaceful deck surrounded by flowering gardens. A 23' x 27' detached workshop/studio—with its own mini-split HVAC—is perfect for creative pursuits or storage. A detached double-car garage and concrete driveway add convenience. Set on a beautifully landscaped corner lot, high and dry outside the 100-year flood zone, this home is walking, biking, or golf cart distance to restaurants, shops, parks, and the town beach. More than a home, this is a sanctuary—a celebration of light, space, and artistry offering a lifestyle as inspiring as its surroundings.
Source: NORTHCAROLINAREGIONAL #100520777
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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.