512 Medcalf Dr SW Sunset Beach, NC 28468
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About this home
Welcome to your serene retreat in the sought-after beach town of Sunset Beach, North Carolina! Nestled in the heart of a waterfront community, this exceptional residence stands as a testament to refined coastal living. Mature landscaping frames the property, inviting you along a gentle path to the front door, where the sounds of nature create a welcoming ambiance. Step inside to discover expansive living spaces bathed in sunlight, where every window frames a postcard-worthy view. The thoughtful floor plan effortlessly balances privacy with togetherness, offering intimate nooks for quiet reflection as well as grand areas for gathering. Whether you're seeking a relaxing weekend escape or a place to plant roots and make lasting memories, this home promises an unparalleled lifestyle experience. Storage abounds, including a spacious finished room over the garage (FROG), perfect for hobbies, an office, or extra guest accommodations. This 4091 sq ft immaculate lakefront home offers breathtaking views of tranquil Sunset Lake and a perfect blend of comfort, functionality, and natural beauty. Featuring 5 spacious bedrooms and 4.5 bathrooms, this thoughtfully designed home includes a finished walk-out lower level, ideal as an in-law suite or the ultimate hangout space for teens, family, and friends. New roof 2023 and geothermal HVAC for energy efficiency Location is second to none—just 2.7 miles from Sunset Beach Island, renowned as one of the world's best beaches by National Geographic. Golf enthusiasts will appreciate being within walking distance to Oyster Bay Golf Links, with numerous other courses nearby. The vibrant town of Calabash, celebrated as the ''Seafood Capital of the World,'' is also close at hand, offering a delicious array of local flavors. This is a home where elegance, comfort, and prime coastal convenience unite
Source: NORTHCAROLINAREGIONAL #100533458
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.