505 W Red Head Cir Sneads Ferry, NC 28460
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About this home
Entertainer's Dream in Mimosa Bay - Luxury Coastal Living at Its Finest This stunning 4-bedroom, 3.5-bathroom home offers the perfect blend of comfort, style, and functionality—ideal for those who love to entertain and live the coastal lifestyle. Located in the highly sought-after, gated community of Mimosa Bay, you'll enjoy resort-style amenities just minutes from Topsail Island, Camp Lejeune, New River Air Station, Jacksonville, and Wilmington. Retreat to the luxurious primary suite featuring a tray ceiling, two large walk-in closets, a walk-in shower, and a deep soaking tub—the ultimate spa-like escape. Each generously sized bedroom features an ensuite bath and walk-in closet, offering privacy and comfort for family or guests. The custom kitchen boasts abundant cabinetry, pantry, expansive countertops, a wine and coffee bar, and flows seamlessly into the sun-drenched open-concept great room with a cozy gas fireplace. Both a formal dining room and breakfast nook provide versatile dining options. The grand staircase welcomes you into an elegant foyer, while the covered back porch with ceiling fan offers year-round outdoor enjoyment. The impeccably maintained landscaping and mature trees complete the serene setting. The two-car garage includes built-in storage cabinets, a workbench, and pro-sealed epoxy floors. A guest half bath is conveniently located off the breakfast nook, and the laundry/mudroom is perfectly placed off the garage for functionality. $2,500 Seller Concessions to Buyer Closing Costs! Additional features: Leaf filter gutters, immaculate lawn, upgraded toilets, and refined finishes throughout. Mimosa Bay Community Amenities: Gated security, pool, clubhouse, fitness center, boat ramp, boat/RV storage, scenic walking bridges, playground, pickleball, tennis, basketball courts, and picnic/BBQ areas—everything you need for a true coastal lifestyle.
Source: NORTHCAROLINAREGIONAL #100518510
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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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