418 E 9th St Washington, NC 27889
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About this home
Southern Living recently called Washington, NC ''the most charming waterfront town you've never heard of.'' We're inviting you to discover what they've been missing in the *real* Washington-the nation's first. The hospitality is only further enhanced at 418 E 9th Street—showcasing a classic brick Cape Cod inspired home that holds on to its original charm while blending in thoughtful modern updates. Crown & dentil moldings, tiled window ledges, and solid built-ins tell stories of days gone by (or are they?) It's the perfect balance of yesteryear and now... Recent updates make the house ready to enjoy: 2024 architectural roofs (both the main home and cottage), replacement slider windows on front, new oak hardwoods extended through the kitchen and den to flow seamlessly with the originals, and a stunning kitchen remodel complete with butcher block counters and gourmet appliances. Permanent stairs to unfinished second level attic or future area-another canvas for creativity. There's even a ''pet door'' in the mud room for ease of access to fenced in portion of yard for the free will pup or roaming kit! The backyard is ready for whatever you bring to it—whether it's a lively gathering with friends or a quiet staycation, with a circular aboveground pool plus a hot tub on the rear porch, perfect for winding down or keeping the party going year round. The cottage offers a dual-bay garage plus over 700 additional square feet equipped with mini-split HVACs (no permits on file for improvements in cottage). Sitting on a prime raised lot, you'll have peace of mind being out of the floodplain while staying less than a mile from the Pamlico River boardwalk and the picturesque streets of Washington's historic downtown, where hometown pride for locals and newcomers alike shines bright! Some say Washington's nationwide publicity is late to the party-we say, you're right on time! *Professional Media is underway!* Could this be your slice? See ya'll over here!
Source: NORTHCAROLINAREGIONAL #100531731
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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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