3556 Catherine Creek Pl Davidson, NC 28036
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About this home
This beautifully maintained 2-story, 4 bedroom, 2 and a half bath home blends elegance, efficiency and lifestyle in Davidson- one of the most desirable towns in North Carolina. Step inside an open floor plan where a gourmet kitchen flows into a living room with a stunning floor to ceiling fireplace and versatile morning room for all season enjoyment. Additional flex space, dining room and half bath DS as well. Upstairs offers a fresh, neutral paint palette, new carpet, spacious primary suite with soaking tub and his and hers closets, 3 additional bedrooms, 2 full baths with dual sinks, generous loft and ample laundry area. Home is set within a community boasting a clubhouse, expansive pool, playground, dog park, tennis courts, pickleball, soccer field, basketball court and community events. Living here means more than owning a beautiful home-it's about enjoying Davidson's lifestyle: walking streets, top-rated schools, boutique dining, ample shopping and Lake Norman only a few minutes away. Don't miss this opportunity to embrace comfort, convenience and a wonderful community all in one!
Source: CANOPYMLS #4309746
Loan details
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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.