402 Saxby Way Holly Ridge, NC 28445
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About this home
This 3-bedroom, 2-bath gem tucked away in The Preserve at Morris Landing is an opportunity for investors or those who are looking for a great area to live. From day one, you'll feel the perfect balance of ''off-the-beaten-path'' tranquility and ''coastal outdoor'' convenience. Roll out your paddleboard or fishing rod at Morris Landing's dock just 2 minutes around the corner, and catch stunning sunsets over the Intracoastal Waterway. When you want to swap serenity for action, drag the boat—within two minutes you're at the boat launch, launching straight into coastal living. Military life or beach life? Why choose? MARSOC/Stone Bay Gate is a quick 15-minute commute, so you'll never miss PT or morning formation. Need to grab brunch before hitting the surf? Surf City's famous shores are only a short 15 minute drive with tons of local hot spots to munch, grab a brew, or a romantic dinner. Come be a local and enjoy breweries, grocery, dr offices, and beach boutiques within minutes of your home. Think fresh seafood spots, cozy cafés, and casual diners at your fingertips, Stock up on groceries, grab a latte, or treat yourself to waterfront tacos without sacrificing your evening routine. Step inside and you'll find a bright, open layout that maximizes space and natural light. The kitchen flows into the living area, making it perfect for cooking with friends. Each bedroom is comfortably sized—ideal for hosting guests , gym, or in home office The backyard is a blank canvas with tons of room for your vision. Dreaming of summer pool parties? Check with the HOA—your oasis awaits. Need extra storage, a she-shed, or an outdoor hangout? There's room to build it all. Extremely easy commute to Jacksonville or Wilmington if you want to work in the city, but live in the quiet. 402 Saxby Way is the rare find that delivers both easy nonstop action and the peace you crave. Don't miss out on this slice of coastal paradise.
Source: NORTHCAROLINAREGIONAL #100512068
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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.