2742 Bancroft St Charlotte, NC 28206
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About this home
Experience refined urban living in this brand-new luxury duet home, perfectly positioned on a spacious lot in one of Charlotte’s most dynamic growth districts, just minutes from Camp North End, NoDa, Optimist Hall, and Uptown. Surrounded by new development, popular dining, and a thriving local scene, this area continues to attract attention from homeowners and investors alike, making this home both a stylish residence and a sound long-term investment. Crafted with timeless finishes, this home showcases white oak flooring, designer lighting, and modern architectural details throughout. The chef’s kitchen impresses with quartz countertops, an oversized island, gas range, and custom soft-close cabinetry with warm honey-toned accents that complement the island and hardware for a cohesive, elevated design. Seamless flow connects the kitchen, dining, and living spaces, highlighted by built-ins, shiplap accents, and a cozy fireplace that create a sophisticated yet inviting atmosphere. The primary suite offers a spa-inspired retreat with a dual quartz vanity, frameless glass shower, soaking tub, and large walk-in closet. Two additional bedrooms, a beautifully appointed full bath, and a spacious laundry room complete the upper level. Enjoy effortless entertaining or peaceful evenings on the covered back patio overlooking a private, fenced backyard, a rare find in this central location. With no HOA and proximity to Charlotte’s most vibrant destinations, this home blends luxurious living with exceptional investment potential in one of the Queen City’s most promising areas.
Source: CANOPYMLS #4284580
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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.