1 of 35
$535,000

1104 San Antonio Blvd, Durham, NC 27703

4 beds · 3 baths · 2,411 sqft sqft

High quality finishes include upgraded Craftsman style trim, cove crown molding, 3-panel Craftsman style doors and 3 1/4'' engineered hardwood floors throughout the main living areas. The kitchen is a chef's dream, featuring staggered height shaker panel cabinets, tile backsplash, granite countertops, recessed & pendant lighting, a large center island with barstool seating, and GE SS appliances, including a gas range/oven. Upstairs, you'll find the spacious owner's retreat featuring, cove molding and barn door entry to the en-suite bath with 12''x12'' tile floors, an expansive dual vanity with make-up area, garden tub & separate shower with tile surround. The family room adjacent to the kitchen features a gas log fireplace with a slate flush hearth and mantel, framed by a nickel gap shiplap floor to ceiling trim wall. Dual floating shelves flank the fireplace. One of the highlights of this home is the spacious screen porch and it's large paver patio that's illuminated by hanging string lights. The backyard is fully fenced. The yard is sodded and backs onto a tranquil wooded area. Community Amenities in Brightleaf at the Park include: Swim Club with Junior Olympic size pool with dual slides, swimming lanes, kiddie pool, and a zero-entry pool. Lighted tennis courts and miles of serene natural trails perfect for walking, jogging, or biking. The green spaces throughout the community are certified by the Audubon Society for environmentally responsible land planning. Located just minutes from major highways such as I-540 and Highway 70, this home offers easy access to downtown Durham, Research Triangle Park (RTP), and Raleigh, Shopping, dining, and entertainment options are all just a short drive away, making this the perfect home for those who value both convenience and community.

Interest rate 3
3.625%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,457
With Roam
$1,948
Reduce your monthly payments by $490 when you assume this mortgage.
You also save $150,148 in total interest paid.

$244,138
Edit

You may be able to put down less than the total down payment amount of $244,138 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
2,411 sqft
Lot size
0.17 acres
Year built
2016
Type
Single Family Residence

Source: TRIANGLEMLS #10058680

Loan
Remaining term
25 years, 6 months
Rate
3.625%
Monthly P&I
$1,457
Remaining loan balance
$290,861

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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.

What is an assumable mortgage?

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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.

Why is an assumable mortgage valuable?

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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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

View all FAQs
Last updated: Oct 22, 2024 11:03 pm
Listing agent: Jim Allen (919) 645-2114
Listing provided courtesy of: Coldwell Banker HPW (919) 876-8824
Details provided by TRIANGLEMLS and may not match the public record.
MLS ID: #10058680
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Information Not Guaranteed. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,457/mo
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