4120 N Course Dr Charlotte, NC 28277
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About this home
Welcome to your upgraded retreat in the highly desirable Raintree community of Charlotte! This move-in-ready 2-story townhome has been thoughtfully updated with over $25,000 in improvements, making it an excellent value in one of South Charlotte’s top school zones. Recent updates include: brand new engineered wood flooring on the main level, new carpet upstairs, new kitchen appliances, and fresh interior paint throughout. On the main level you will find an open-concept living and dining area, a cozy wood-burning fireplace, and a private deck with peaceful views of the Raintree Golf Course. The kitchen flows easily into the living space, enhanced by a charming arched pass-through—perfect for everyday living or entertaining. Upstairs, you'll find two spacious en-suite bedrooms with vaulted ceilings and plenty of natural light. The primary suite includes a recently renovated bathroom for added comfort and style. Added value: The HOA covers roof maintenance, exterior maintenance, and lawn care—offering convenience and peace of mind for homeowners. Located in the sought-after Olde Providence Elementary, South Charlotte Middle, and Providence High school district, this home is also just minutes from The Arboretum, with its boutique shops, wine bars, and a wide variety of restaurants. Don’t miss your chance to own a low-maintenance, fully updated townhome in one of Charlotte’s most established and scenic communities.
Source: CANOPYMLS #4312893
Neighborhood
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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.