Take advantage of today’s market by contacting us. 910-279-9398.
A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down PaymentThe survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 36% think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less. Many renters may actually be able to enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket. 2. FICO ScoresThe survey also reported that two-thirds of the respondents believe they need a very good credit score to buy a home, with 45 percent thinking a “good credit score” is over 780. In actuality, the average FICO scores of approved conventional and FHA mortgages are much lower. The average conventional loan closed in March had a credit score of 753, while FHA mortgages closed with a 685 score. The average across all loans closed in March was 722. The graph below shows how the average FICO Score required has come down over the last 12 months and has stayed around 722 for the last six months.
Bottom Line infoIf you are a prospective buyer who is ‘ready’ and ‘willing’ to act now, but are not sure if you are ‘able’ to, sit down with a professional who can help you understand your true options. Contact us today. 910-279-9398. |
Indigo Marina, Brunswick County
The secret’s finally out. One of our favorite up-and-coming counties in North Carolina has seen record growth numbers in terms of population, jobs, and housing over the last several years. Brunswick County, off the North Carolina coast, has seen a 47% growth in population over the last decade, and is steadily increasing residents each year. With recent job growth and housing appreciation on the up – it’s no wonder families and retirees from all over are flocking to the coastal communities more so than ever. Whether it’s the beautiful location, active lifestyle, or quaint community feel – you’ll find many reasons to consider Brunswick County your new perfect place to call home.
If you’re searching for a home in Southport, NC, then look no further! Coastal Realty Connections, an experienced real estate firm specializing in coastal North Carolina properties, has just the home you’ve been waiting for. We are in love with this beautiful home at 5952 Dutchman Creek Road, and we’d like to take a moment to share a few of its finest features with you all.
Located in the waterfront Indigo Plantation & Marina community, this home is chocked full of southern, coastal charm. It features panoramic views of Dutchman Creek, and a spacious, private lot with mature landscaping. The two-acre marina provides access to the Intracoastal Waterway and the Gulf Stream. The community also offers a clubhouse, pool, tennis courts and other amenities for homeowners in the area.
Quick Facts
Interior Features
This home features carpet, ceramic tile and hardwood floors, with the living and dining areas, kitchen and master suite situated on the first floor. (The spacious master bath is to die for—complete with a double vanity, whirlpool tub and glass shower!) The upper floor boasts two bedrooms, one bathroom and a study area with ample storage. There is also a basement, for more storage, as well as a recreational room. The living area is the perfect gathering place for family and friends, featuring a cathedral ceiling, fireplace with gas logs and spectacular water views through the french doors and large windows.
Exterior Features
This property’s new homeowners will enjoy a large, fenced-in backyard—perfect for ensuring children and pets are always close by! From the first floor of the home, you can step out onto to an open deck, spacious screened-in porch and a relaxing sunroom! It’s the perfect place to sit back and enjoy beautiful marsh views over coffee in the morning.
Check out the full listing to learn more about 5952 Dutchman Creek Road. And if you’re interested in exploring this fantastic property in person, contact Coastal Realty Connections to schedule a showing!
