44 Grandwood Cir, Durham, NC 27712
3 beds · 3 baths · 2,009 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Experience Maintenance-Free Living in this Stunning End Unit Townhome in Treyburn! Enter into elegance and comfort, where no detail has been overlooked—from the charming Southern-style front porch to the spacious back deck. The formal dining room greets you with 9-foot ceilings, classic wainscoting, and gleaming hardwood floors, setting the tone for the rest of this beautiful home. The large family room is perfect for gatherings, featuring a cozy gas log fireplace that adds warmth and ambiance. The kitchen is a chef's dream, equipped with stainless steel appliances, a gas range, granite countertops, tile backsplash, and a large island with tons of workspace. Plus, enjoy the added luxury of a butler's pantry! Natural light floods the space, creating a bright and inviting atmosphere throughout. The primary suite offers a private retreat with an ensuite bathroom that includes a separate tub and shower, as well as a water closet. Freshly painted interiors and updated lighting ensure a modern and pristine look. Storage is abundant, with a walk-up attic and a spacious one-car garage. The location is unbeatable, just a short drive to shopping, restaurants, Duke Medical, Durham Bulls Stadium and DPAC. Plus, you'll have an easy commute to Duke, Merck, RTP, and the airport. This is a great neighborhood to call home! (Note: Treyburn Country Club membership is available separately.)
Source: TRIANGLEMLS #10087012
Source: TRIANGLEMLS #10087012
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.
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.
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 620, 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 and Equal Opportunity Act.