500 W Woodcroft Pkwy Apt 1c # 1C, Durham, NC 27713
2 beds · 2 baths · 1,040 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your next chapter in beautiful Durham, NC! This meticulously updated 2-bedroom, 2-bathroom townhome offers the perfect blend of modern comfort and unbeatable convenience. Boasting 1,064 square feet of thoughtfully refreshed living space, this home is an ideal choice for anyone looking to enjoy all that the Triangle has to offer. Location truly matters, and this home delivers. Situated just 11 minutes from Research Triangle Park (RTP), one of the nation's premier tech hubs, your daily commute becomes a breeze. Whether you work at one of the many tech companies, research facilities, or universities nearby, you'll love coming home to this peaceful retreat. Plus, you're only 15 minutes away from the heart of Downtown Durham — where you can explore award-winning restaurants, local breweries, farmers markets, trendy boutiques, and a thriving arts and music scene. For outdoor enthusiasts, nearby parks and greenways offer the perfect escape for hiking, biking, or simply enjoying the Carolina sunshine. Inside, the home shines with an array of brand-new features designed for both style and functionality. Enjoy the beauty and durability of new luxury vinyl plank flooring throughout the entire home, creating a seamless flow from room to room. The fully renovated kitchen is a showstopper, complete with brand-new cabinetry, modern countertops, and a fresh, contemporary look that will inspire your inner chef. Both bathrooms have been completely updated as well, featuring sleek new vanities, stylish mirrors, and brand-new toilets — every detail has been considered to provide a clean, modern aesthetic. Fresh interior paint brightens every space, giving the home a crisp, inviting feel. Whether you're hosting friends, working from home, or simply relaxing after a long day, you'll appreciate the thoughtful updates and comfortable layout this townhome offers. Low-maintenance living means you'll have more time to enjoy life, whether that's exploring nearby Duke University, catching a Durham Bulls game, or discovering your new favorite coffee shop. This is truly a move-in-ready home in a location that puts everything you need right at your fingertips. Don't miss this rare opportunity to own a fully updated townhome in one of the most convenient and growing areas of Durham. Schedule your showing today and come see all the charm and comfort this home has to offer!
Source: TRIANGLEMLS #10087002
All values shown are estimated costs / mo.
Source: Public records
Source: TRIANGLEMLS #10087002
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.