4100 Purviance Ct Wilmington, NC 28409
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About this home
Coastal dreams come to life in this Charleston-style stunner, tucked away on a cul-de-sac in the sought-after community of Purviance Landing. Step into the heart of the home where an open floor plan seamlessly connects the living room, dining area, and a gorgeous kitchen with custom cabinetry and countertops. A flexible office/guest room includes built-ins, a murphy bed, and access to a full bath—perfect for visitors or remote work. Upstairs, the primary suite is a true retreat with a private balcony, bathroom with soaking tub, dual vanities, walk-in shower, and large walk-in closet. Two more bedrooms and a renovated bathroom complete the upstairs. The room over the garage with shiplap walls and TV/surround sound system is a great space to unwind. But it's the backyard that steals the show. Set on a fully fenced .42-acre lot and tucked into ''outdoor rooms,'' you'll find a sparkling pool, a fire pit covered in oyster shells under twinkle lights, a shaded treehouse, a screened-in porch, a cabana with a TV and fans, and a hammock area just waiting for your next nap. Whether you're hosting a summer pool party or enjoying a quiet morning coffee, this backyard is pure magic. Located in the water-access neighborhood of Purviance Landing with a day dock on Whiskey Creek for kayaking and paddleboarding—and zoned for the sought-after Masonboro, Roland-Grise, and Hoggard schools—this home is a rare Wilmington gem.
Source: NORTHCAROLINAREGIONAL #100516236
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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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