2904 Grove Park Dr, Burlington, NC 27215
2 beds · 3 baths · 1,876 sqft
Discover the comfort and convenience of this spacious end-unit townhome in The Woods at Grove Park. Thoughtfully positioned for privacy, it enjoys a wide buffer from neighboring units and a wooded common area behind—ideal for quiet relaxation. Inside, a well-designed layout showcases abundant natural light, hardwood floors, and open-concept living in the main areas. Tucked away at the rear, the primary bedroom features an elegant tray ceiling, a generous ensuite bathroom w/ separate tub & tile floors, and a large closet for added storage. The kitchen offers granite countertops and updated stainless appliances, while the adjacent dining and living area provides cozy gas logs and direct access to a private back patio. Upstairs, a large bonus/loft area provides versatile space for a home office, media room, or extra guest accommodations. A second bedroom and full bath complete the upper level. Additional conveniences include an updated curb at the driveway entry—ensuring smooth vehicle access—a 2-car attached garage, and guest parking located next door. Enjoy simple, low-maintenance living near I-40, local restaurants, grocery stores, and shopping. Recent community improvements, such as freshly paved streets, enhance the overall appeal. Competitively priced, this inviting townhome delivers the perfect balance of privacy, flexibility, and comfort.
Source: TRIANGLEMLS #10082648
Financials
Source: TRIANGLEMLS #10082648
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.