1917 Washington St
Durham, NC 27704
3 beds · 2 baths · 1,179 sqft
$389,000
Get prequalifiedAbout this home
Welcome to this beautifully updated three bedroom, one and a half bath cottage-style home that combines modern conveniences with a prime location! The home is within a short 10-15 minute walk to North Gate Mall, a short drive to Durham Regional Hospital, and downtown Durham. Making it highly appealing for buyers seeking convenience and accessibility. Extensive renovations have been completed, including a new heat pump and cooling system, modern hardware on the freshly painted cabinets, new tile in the main bathroom, new plumbing fixtures, quartz countertops, and a designer tile backsplash in the kitchen. All appliances, including the fridge, washer, dryer convey with the property. Additionally, new carpet has been installed in the bedrooms, enhancing the fresh and contemporary feel throughout. The gleaming hardwood floors in the main living area are in great condition and add a spacious feel. The home also features a back patio with festive lighting, perfect for outdoor relaxation and entertainment. The oversized, .43 acre lot offers potential for subdividing the lot for the development of a tiny home or expansion of the existing dwelling. This home is in move-in condition, ready for your personal touch or as a great investment opportunity to add to your rental portfolio. With so many upgrades to love, this home is a must-see! Book your showing today before it's gone!
Source: TRIANGLEMLS #10063565
5-year savings
Neighborhood
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.