Assumable Loan Opportunity – 2.375% Interest Rate (Non-Veterans Welcome!) Save an estimated $200,000 in interest over the life of the loan when compared to a 6.5% interest rate (Exact savings depend on your individual financial situation). If the "gap" is financed through a junior loan, the blended interest rate may be in the low 4% range (dependent on your own finances) which is still an incredible savings! Information follows home description below. Perfect Mountain Getaway – Now Connected to Fiber Internet! Escape to this peaceful 3 bed plus loft, 2.5 bath mountain retreat, nestled on over 5 wooded acres just 10 minutes from Watauga Lake. Located only 35 minutes to Boone, NC and 40 minutes to Blowing Rock, this home offers the perfect balance of seclusion and accessibility. The main level features a bright, open-concept kitchen and living area, flowing onto a large covered porch overlooking a charming fish pond. The primary suite is conveniently located on the main floor, complete with a private en suite bath, walk-in closet, and exclusive back deck. Upstairs, you'll find two additional bedrooms, a full bath, and a versatile loft space ideal for a home office, playroom, or guest area. Key Features: High-speed fiber internet recently connected Automatic whole-house generator Appliances included: Refrigerator, gas range, dishwasher, washer & dryer HOA includes maintenance of shared well and automatic pump house generators No STRs, long term renting is allowed. Buyer or buyer’s agent to verify all information Qualified buyers have the opportunity to assume a VA loan with a historically low 2.375% interest rate. This loan assumption is available to any qualified buyer—veteran status is not required. To assume the loan, buyers must cover the difference between the asking price and the remaining loan balance (the “gap”) either in cash or through a secondary/junior loan. Loan Details: Remaining loan balance: $236,000 Term remaining: 26.5 years Monthly payment: $1,150 (includes property taxes and insurance) Gap to cover (Cash or Junior Loan) is approximately $129,000 Note: Buyers are required to pay a VA funding fee (typically 0.5% of the original loan amount) unless they are veterans receiving compensation for a service-connected disability. Please contact us for more details or to begin the qualification process.
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