402 Canvasback Ln Sneads Ferry, NC 28460
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About this home
*Seller is offering a $5,000 Use-As-You-Choose Buyer Credit to be applied toward closing costs, interest rate buy-down, or home improvements!* Welcome to the highly sought-after gated community of Mimosa Bay, just minutes from the back gate of Camp Lejeune and the beautiful beaches of Topsail Island. This amenity-rich neighborhood offers exclusive access to a clubhouse, community pool, dock with Intracoastal Waterway access, fitness center, playground, and RV/boat storage; everything you need to enjoy the coastal lifestyle. This spacious and inviting 4-bedroom, 2.5-bath home offers over 2,300 heated square feet and sits on a private, tree-lined corner lot with a fully fenced backyard and a covered patio, perfect for relaxing or entertaining. Inside, you'll love the open floor plan, fresh LVP flooring (installed in November 2024), and flexible spaces like the formal dining room, that can also serve as an office or flex space. Upstairs, the spacious master suite is a true retreat with room to unwind and recharge. The kitchen includes a Samsung smart refrigerator with internet and voice assistant features, plus an ultra-quiet, app-controlled dishwasher, both of which will convey with the home. With ample living space, privacy, and access to top-tier community amenities, this home offers the perfect blend of comfort, convenience, and coastal charm. Don't wait on this one; schedule your showing today!
Source: NORTHCAROLINAREGIONAL #100506329
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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.