610 Wellwater Ave, Durham, NC 27703
5 beds · 4 baths · 3,593 sqft
BIG, Spacious & Lots of Upgrades...She's got it all!! 5 Bedrooms, Dining, Office AND a Bonus Room!! This Move-In Ready Beauty boasts all the usuals, BUT More!! Full set of Solar Panels to reduce your electric costs, Large covered brick paver patio with Ceiling Fans overlooking enclosed backyard with 6 ft wood privacy fence & compost boxes, whole house water filtration system & Tankless water heater! Primary bedroom closet has Closets by Design organizational built-ins & drawers, Full wall of custom bookshelves in the Office w/ French door entry, Front door Foyer entry with Built-in coats & shoes locker,, 3 Eco HVAC Thermostats, Spacious Living Room has gas fireplace dressed with Shiplap, Custom built-in entertainment center & bookshelves, Kitchen showcases rich mocha cascading cabinetry with Granite tops & island, tile backsplash, SS appliance pkg, Pantry, Engineered hardwoods on main level! HUGE Primary EnSuite, His/Hers vanities, soaking tub/Sep shower & water closet, Linen closet & W/I closet, HUGE 2nd Bedroom with W/I closet, Laundry room on bedrooom level, 3rd level shares Bonus room, 5th Bedroom & spacious full bath! Generous 2 car garage with storage shelving & mud tub, nicely landscaped yard in a sidewalk community with pool & playground amenities! Great location near ALL the things!! Gotta see this one peeps!!
Source: TRIANGLEMLS #10052686
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10052686
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: #10052686
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.