601 Viccars Ln Manteo, NC 27954
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About this home
Gorgeous and spacious home close to the Town of Manteo! 601 Viccars Ln is now for sale! Upon entering this home you will be surprised by all of the space and rooms it has to offer! It checks all of the boxes from the open floor plan to a ground level en-suite. It has a multitude of other features. The living area, dining space, and kitchen have a wonderful flow. The kitchen has lovely cabinets, stainless steel appliances, and a useful pantry. The ground floor ensuite is located just off the kitchen and has beautiful hardwood floors and a huge master bathroom with a double sink vanity. The floor plan has a wonderful design which gives space and privacy from the guest bedrooms and the main ground floor suite. The ground floor guest bedroom at the front of the home has a bay window which lets in delightful natural warm light. The other guest bedroom sparkles with new paint! Continuing upstairs the home has an additional huge ensuite with an office, two closets, and a massive bathroom. The property continues outside with a charming front porch and a freshly resurfaced back deck. This is a fantastic property, from the enormous amounts of space to its excellent location. Don't miss this opportunity! Imagine living in Manteo...in a gorgeous home, a quick walk or bike ride to the downtown, while having plenty of space for family and friends to visit at your home! Never worry about parking for a summer concert at the Roanoke Island Festival Park again! Make this home yours and act fast, move in before the holiday season! Your Home Sweet Home awaits!
Source: NORTHCAROLINAREGIONAL #100540064
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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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