21604 Old Canal St Cornelius, NC 28031
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About this home
$10,000 seller credit offered for closing costs or rate buydown! This elegant townhome in the sought-after Antiquity community of Cornelius, NC offers the perfect blend of style, comfort, and walkable convenience. The main level features an inviting office with French doors, a bright open living space with abundant natural light, and a gourmet kitchen with granite countertops, a gas range, stainless steel appliances, and rich wood flooring throughout. Upstairs, the spacious primary suite impresses with a tray ceiling, a beautiful barn door leading to the ensuite bath, and ample closet space. Two additional bedrooms and a full bath provide flexibility for family, guests, or hobbies. With three bedrooms and two-and-a-half baths in total, this home balances privacy with modern functionality. Step outside to a manicured private courtyard, complete with fencing, lush landscaping, and even a rain barrel—perfect for low-maintenance gardening. The detached two-car garage, previously used as a workshop, offers extra versatility for storage or creative projects. Nestled along the Antiquity Greenway system, you’ll enjoy unmatched biking access and walkability to downtown Cornelius, local shops, dining, and the grocery store. This move-in-ready home delivers low-maintenance living in one of the area’s most desirable neighborhoods.
Source: CANOPYMLS #4306268
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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.