1030 Thoughtful Spot Ln Durham, NC 27703
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About this home
GREAT OPPORTUNITY PRICE DROP!!!! This beautiful home can be your family home!!!!!!!!!!!!!!!!!! Up to $20,000 toward your down payment and closing costs. if preferred lender is used FIRST CITIZEN BANK WITH CAROLINA HUBER. Welcome to this beautifully maintained residence nestled in one of the most desirable and established neighborhoods in the Triangle area. This home offers the perfect blend of comfort, style, and convenience—truly a rare find! Step inside to discover an open-concept main level featuring gleaming hardwood floors, a warm and inviting family room with a stone fireplace, and a gourmet kitchen complete with granite countertops, stainless steel appliances, and a sunny breakfast nook. Upstairs, enjoy three generously sized bedrooms, a versatile loft space, and luxuriously soft carpeting in impeccable condition. The primary suite boasts custom closet built-ins and spa-like finishes. Additional features include: ✔ Designer tile in all bathrooms and laundry ✔ Epoxy-coated garage floor ✔ Whole-house water filtration system ✔ Fully fenced-in backyard with brand-new privacy fencing—ideal for relaxing, entertaining, or pets. 🚗 Located just minutes from major highways, with quick access to RDU Airport and the Research Triangle Park (RTP). This home is a commuter's dream while still offering the peace of a well-established community. This property is in exceptional condition and ready for its next owner. Don't miss the opportunity—homes like this don't stay on the market for long! 📞 Schedule your private showing today PRICE REDUCED!!!!!!!!!!!!!!!!!!!!!!!!!
Source: TRIANGLEMLS #10094905
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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.