415 Bay Bush Rd Vanceboro, NC 28586
Your savings
About this home
This Carolina classic Cape style home is just waiting to welcome you to come sit awhile on the inviting wrap around porch complete with rocking chairs and a cozy swing. This charming, custom built, brick home is nestled in the middle of a spacious, unrestricted 1.36 acre lot with mature shade trees, large rear deck and ample space for outdoor living, gardening or chickens if you like! Step inside to discover a bright and inviting interior featuring a vaulted living room with exposed timbers, large windows and the timeless warmth of the brick hearth and gas log fireplace. Features include beautiful wood trim throughout the home, leaded glass windows and door in the entryway, hardwood floors in the living areas complementing the updated kitchen with large island and plenty of cabinetry for storage. Move in ready with 3 spacious bedrooms, 2.5 baths, plentiful storage, oversized laundry room plus all appliances and a home warranty included. Recent upgrades include a new roof and gutters, ensuring peace of mind for years to come. The 1200 sq ft detached garage includes a workshop for hobbyists or DIY enthusiasts, plus a 200 sq. ft. office with a half bath and mini split system—perfect for remote work or a private studio. Rear yard also includes a concrete pad plus extra power hookup. Located in the small town of Vanceboro, this home offers the best of both worlds: peaceful rural living with easy access to the vibrant communities of New Bern and Greenville plus you'll be just minutes from local favorite Yoder's Dutch Pantry and a handy boat ramp at Maple Springs for access to the Neuse River. Don't pass this one up!
Source: NORTHCAROLINAREGIONAL #100534900
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.