1 of 33
$385,000

15003 Highcliff Ct, Houston, TX 77049

5 beds · 4 baths · 3,533 sqft sqft

Welcome home to this beautifully spacious traditional style home in the sought-after New Forest Subdivision! With an oversized lot situated on a cul de sac. You will be conveniently located less than a minute from the beltway and mins from Hwy 90. Lovely view from the front porch to 2nd floor balcony from both upstairs bedroom. Let's just say WOW! Once walking inside entering the foyer open to high ceilings and an airy interior. You will enjoy 5 spacious bedrooms with the primary downstairs, all equipped with walk in closets, a game room for entertaining. In the summer what a better way to stay inside and cool down with your own personal media room/large bonus room to watch your favorite movie in! The backyard has tons of green space to add a pool or create your own personalized backyard oasis with a covered patio. New Roof. This home combines elegance with practicality, making it an ideal choice for those seeking both style and comfort. Don't miss out, schedule your appointment today!

Interest rate 3
3.5%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,014
With Roam
$1,362
Reduce your monthly payments by $348 when you assume this mortgage.
You also save $85,301 in total interest paid.

$207,605
Edit

You may be able to put down less than the total down payment amount of $207,605 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
3,533 sqft
Lot size
0.2157 acres
Year built
2006
Type
Single Family Residence

Source: HAR #22864659

Loan
Remaining term
20 years, 5 months
Rate
3.5%
Monthly P&I
$1,014
Remaining loan balance
$177,394

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Nov 02, 2024 10:36 am
Listing agent: John Giraldo (832) 272-2610
Listing provided courtesy of: Real Broker, LLC (855) 450-0442
Details provided by HAR and may not match the public record.
MLS ID: #22864659
Copyright 2024, Houston REALTORS® Information Service, Inc. The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,014/mo
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