6505 N Roxboro Rd, Durham, NC 27712
3 beds · 3 baths · 1,584 sqft
**Charming 1979 Home in a Desirable Metropolitan Area** **Overview:** Welcome to your new home! This beautifully maintained three-bedroom, two-and-a-half-bath residence offers a perfect blend of comfort, style, and convenience. Set on a generous half-acre lot, this property provides ample space for both relaxation and entertainment, making it an ideal retreat in a bustling metropolitan area. **Key Features:** - **Bedrooms:** Three well-sized bedrooms providing a peaceful sanctuary, perfect for rest and relaxation. - **Bathrooms:** Enjoy the convenience of two full bathrooms and a half bath, ideal for family living and hosting guests. The master bath features a refinished tub, adding a touch of luxury. - **Living Space:** Spanning 1,584 square feet, the home boasts a well-designed layout with generous living areas. - **Fireplace:** A cozy fireplace in the main living area creates a warm and inviting atmosphere, perfect for family gatherings or quiet evenings at home. - **Outdoor Living:** Step through the sliding glass door onto a large deck and porch, perfect for outdoor entertaining, summer barbecues, or simply enjoying a morning coffee. - **Storage Space:** Ample storage options throughout the home and in the two-car garage provide plenty of room for all your belongings. - **Modern Updates:** Recent updates include new carpet and fresh paint throughout the home, giving it a modern and polished look. - **Security Features:** For peace of mind, the property includes a Ring camera security system, ensuring your home is monitored and secure. - **Utilities:** The home is serviced by a well and septic system, offering efficiency and reduced utility costs. - **Convenience:** Located close to various amenities and just across from the country club, this home combines suburban tranquility with easy accessibility to golf, shopping, dining, and recreational activities. - **No HOA Fees:** Enjoy the freedom of no HOA restrictions, allowing you to personalize your property as you see fit. **Conclusion:** This charming 1979 home offers an incredible opportunity to enjoy comfortable living amidst beautiful surroundings in a thriving metropolitan area. With its spacious layout, modern updates, and outdoor entertaining space, it's the perfect place to call home. Schedule your showing today and discover all the wonderful features this property has to offer!
Source: TRIANGLEMLS #10054188
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10054188
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: #10054188
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.