4913 Cypress Shores Dr New Bern, NC 28562
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About this home
Welcome to this beautifully updated brick ranch in the Cypress Shores neighborhood of New Bern. Sitting on over half an acre surrounded by mature trees, this home offers the perfect blend of comfort, privacy, and convenience. As you arrive, you'll appreciate the long paved driveway, two-car garage, and covered front porch that add to the home's curb appeal. Inside, you'll find a bright, open layout with neutral paint colors throughout, smooth ceilings, and new wood flooring that flows through the main living areas. The kitchen has been thoughtfully refreshed with painted cabinets, a stylish backsplash, and stainless appliances that make meal prep a breeze. Enjoy the warmth of the brick fireplace in the cozy family room or take advantage of the separate formal living area for gatherings or hobbies. The spacious primary suite includes two walk-in closets and a private bath, while two additional bedrooms and a full guest bath provide plenty of flexibility for guests, a home office, or whatever suits your lifestyle. Step outside to the large fenced backyard, perfect for relaxing, gardening, or entertaining, with plenty of room to enjoy the Carolina seasons. Additional updates include a recently replaced water heater and an HVAC system updated in 2016 for peace of mind. Cypress Shores offers a serene setting just minutes from Historic Downtown New Bern, local restaurants, shopping, and MCAS Cherry Point. This home has been lovingly maintained and is ready for its next chapter. Schedule your showing today and see all it has to offer!
Source: NORTHCAROLINAREGIONAL #100540606
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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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