**Charming Single-Story in Heart of Denton with NO HOA**TWU is 1.8 miles away and UNT is 3 miles away!!! Nestled on a serene treed lot, this single-story home offers an inviting blend of comfort and style, perfect for those seeking a peaceful home with convenient access to Denton's vibrant community. Featuring 3 bedrooms, 2 baths, and a spacious 2-car garage, this property has it all for modern living. HVAC WAS REPLACED IN 2022! Step inside to discover a thoughtfully designed open floor plan that connects living spaces, creating an ideal setting for entertainment and everyday life. The split bedroom layout ensures privacy with the primary suite tucked away from the secondary bedrooms. The primary suite has great space for relaxation, a well-appointed bathroom, and generous walk in closet. The kitchen boasts modern appliances including a stainless steel refrigerator, black cabinets, and a casual dining area that overlooks the outdoor setting. The adjoining living room, with its abundant natural light, sets the stage for gatherings or quiet evenings at home. Enjoy the private backyard with mature trees and no neighbors behind, ideal for outdoor activities and plenty of room for a pool or play yard for the kids! A low-maintenance landscape means more time to enjoy all the fantastic features of your new home. Conveniently located, this home offers easy access to Denton's charming downtown area, local parks, shopping centers, and schools. Whether you're enjoying a day on the town or a peaceful evening at home, this Denton property caters to your every need. Experience the warmth and elegance of this exceptional home, where every detail has been designed for comfort and style in a picturesque setting. Make this charming retreat your new address in Denton today.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
