1816 Sandoval Dr, Durham, NC 27703
6 beds · 3 baths · 3,570 sqft sqft
Conveniently located in the coveted Brightleaf subdivision, this 4 year *young* home is better than new construction. Curb appeal abounds with a welcoming front porch, landscaped yard & lovely elevation with stone veneer & shake accents. The foyer is spacious & inviting with details like wainscoting. To the right you find the guest or in-law suite. Continue into the home & it opens up to the kitchen, dining area & family room. This space will be enjoyed on a daily basis & when entertaining--no one will be left out of the fun! Cook gourmet meals in the expansive kitchen where you'll find stainless appliances, upgraded cabinetry with soft close drawers/doors & pull-out inserts, a timeless tile backsplash & beautiful quartz countertops. The amazing pantry with built-in shelving is steps away! The 2 story wall of windows above the dining area will be your daily view. This offers beauty & natural light. In warmer months, enjoy the screened in porch, deck & well-sized backyard. When it's time to retire for the day, the primary suite is on the first floor--you won't have far to travel! The bedroom is lovely & spacious with a tray ceiling & designer light/fan that casts a romantic glow onto the walls. The bathroom is magazine worthy with a HUGE walk-in tile shower, double vanity, separate water closet & extra spacious walk-in closet. You will not want to leave this spa-like space! The 2nd floor will continue to WOW you with a huge loft for entertaining friends & 4 other bedrooms plus a full bathroom. Currently one of the rooms serves as the media room & another a private decked-out office space with built-in kitchenette! There is a pull-down attic with storage space plus if you need even more square footage, there is space beyond the loft (above the family room) to finish & customize as you wish. There is so much flexibility in this home for daily life, work from home or other needs. Come tour this GEM & fall in love!
Source: TRIANGLEMLS #10063851
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10063851
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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?
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?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #10063851
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.