2612 Fm 3364, Princeton, TX 75407
3 beds · 2 baths · 2,136 sqft sqft
A stunning Tilson built hm w an open layout & very welcoming design. FM 3364 offers engineered wood flooring in the main living areas, carpeted bedrooms and tiled wet areas. The spacious primary suite is separate from the secondary bedrooms & comes with a dual on-suite, soaking tub & oversized stand alone shower w body sprayers. The walk in closet has a built in hidden safe which is great for storing important documents or precious valuables. Your new kitchen is equipped w granite counters, built in SS microwave & electric range. Theres also room for a breakfast table plus the eat at bar. Adjacent to the kitchen is the dining room & main family room. Going down the hall you'll find 2 secondary bedrooms, the office & utility room. Step outside to a massive outdoor living space where you can watch the football game while grilling! The perfect place to spend summers or cool evenings since there are fans and heaters. The 2 car detached garage features a shop and upstairs media rm!
Source: NTREIS #20734684
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20734684
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.
Will an assumption work for me?
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?
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.
MLS ID: #20734684