6005 Otter Tail Trl Wilmington, NC 28412
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About this home
Located high on a quiet cul-de-sac in the desirable Willow Glen neighborhood, this beautifully maintained home offers 4 bedrooms, 3 full baths, and a flexible bonus room—ideal for a playroom, home office, or guest space. The open-concept floor plan features a spacious kitchen that flows seamlessly into the living and dining areas, creating a warm and inviting space for everyday living or entertaining. The freshly painted primary suite is tucked away for privacy and includes a large custom walk-in closet, soaking tub, and walk-in shower. Step outside and enjoy peaceful golf course views from your screened porch or paver patio. The home looks over the #10 green at Beau Rivage Golf Course and sits on one of the highest elevations in Wilmington. The large fenced-in backyard offers plenty of space to play, garden, or unwind—and you won't have to worry about fly balls! Additional highlights include a three-car garage, bonus room, and a laundry room with smart storage and function. With mature live oaks, a thoughtful layout, and a large premium lot, 6005 Otter Tail Trail offers comfort, space, and a great location close to everything. Please see attached documents for a full list of upgrades and improvements. Up to $2,000 credit available for qualified buyers using preferred lender Sarah Newsome with Integrity Home Mortgage Corp!
Source: NORTHCAROLINAREGIONAL #100512029
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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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