8948 Cobble Ridge Dr Wilmington, NC 28411
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About this home
Spacious & Stylish in Sought-After Scott's Hill Village — Now at an Incredible New Price! *HUGE lender incentive offered* Ask agent for details. This is more than a home — it's one of the best values in the entire area. Priced below comparable new construction, this beautifully upgraded 5-bedroom residence offers far more features, quality finishes, and lifestyle perks than you'll find anywhere close. From the moment you walk in, you'll notice the thoughtful details — designer lighting, decorative accents, and a gourmet kitchen with quartz countertops, natural gas cooking, and premium cabinetry that rivals model homes. A cozy gas fireplace anchors the living area, while the flexible layout includes a dedicated home office, formal dining room, and two walk-in closets in the spacious primary suite. Step outside to a private, fenced backyard overlooking protected woods — ideal for relaxing, gardening, or enjoying the covered porch which could easily be screened in. Located in Scott's Hill Village, residents enjoy a community pool, stocked ponds, and scenic creekside trails leading to Futch Creek, where you can kayak the Intracoastal or enjoy peaceful nature walks. Stroll to the local coffee shop, beer garden, or farmers market, or take a short drive to waterfront dining and the marina. Conveniently positioned near Novant Medical Center and ALA Coastal Charter School where you can save hours per week walking your children to school instead of the commute of other nearby schools. This home combines lifestyle, location, and value in one unbeatable package. Don't miss this exclusive opportunity — schedule your private showing today before it's gone.
Source: NORTHCAROLINAREGIONAL #100509200
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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.