2112 Queensway Ct, Creedmoor, NC 27522
4 beds · 4 baths · 2,830 sqft
Ideally located just 22 minutes from I-540 and 20 minutes from Duke University, Duke University Hospital, and North Carolina Central University, this beautifully upgraded home is also conveniently close to the scenic Falls Lake Beaverdam Lake State Recreation Area, only 8 miles away. Home is back on the market! The property features a spacious, flat yard with a custom block patio and fire pit, perfect for outdoor gatherings. Inside, the home offers large bedrooms and a versatile loft with built-ins. The chef's kitchen boasts a smooth top range, a center island, and recessed lighting, complemented by a separate dining room. This home includes three full bathrooms on the upper floor and a half bath on the main floor, providing ample convenience. The master suite features a luxurious bath with a garden tub. The garage is a standout feature, designed not only for vehicle storage but also as a versatile space for work and entertainment. It includes shelving, hardware tools, and two TVs—one for monitoring the security camera feed and another connected to a Roku 4K streaming device. The garage is equipped with attic insulation, a high-end split AC unit, and engineered wood flooring. However, this space is not included in the heated square footage of the home, offering an excellent bonus for potential buyers. The property is secured with five Ring security cameras, providing comprehensive 360-degree coverage around the entire house. Additionally, there is a Swann live camera feed above the garage door for extra security. The home also includes a whole-house water filtration system and an under-sink reverse osmosis system. Additional features comprise an extra-large three-year-old LG stainless steel refrigerator, a three-year-old oven-stove, and a three-year-old KitchenAid built-in dishwasher with a third rack and a five-year extended warranty from Lowe's. The home has been freshly painted with BEHR Premium Plus Polar Bear Eggshell Enamel Low Odor Interior Paint & Primer on the walls and BEHR Premium Plus Polar Bear Flat Low Odor Interior Paint & Primer on the ceilings. It also features new STAINMASTER SOS Reclaim Heirloom Gray 25-oz/sq yard Polyester Textured Indoor Carpet. Recent upgrades include a three-year-old roof and two air conditioning units, both still under warranty. Located in a vibrant community with a pool, this home offers a blend of comfort, convenience, and security, making it an ideal choice for prospective buyers.
Source: TRIANGLEMLS #10051793
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10051793
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: #10051793
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