Makes waves all summer long with this spectacular 5 Bed 3.5 Bath Home with a Pool! Nestled at the end of a quiet cut de sac in Dallas, this home is packed with features perfect for a big family. The moment you start walking up the sidewalk to the front porch, you can tell the house is going to be immaculate. Roof is less than 2 years old! Enjoy a breeze on the open air front porch that has been recently stained and is a dream with swing and rocking bench. . Entering the home, you're greeted by a custom-made shoe cubby/locker area and an immediate view to the open floor plan showing the separate dining room and a living room situated around a stone gas logs fireplace. The large kitchen includes double ovens (one convection/conventional and one conventional), gas cooktop, stainless steel appliances (microwave and dishwasher only 2 years old, refrigerator 4 years old), a breakfast bar and a separate breakfast area. The laundry room is around the corner from the kitchen and has an extra refrigerator and view of the side yard. Off of the kitchen takes you to the upper deck, which has also been recently stained, and is a perfect spot to lounge while watching the fun down below at the pool! Master suite is on the main level and features a high tray ceiling, double vanities in the bathroom, a heated jet tub (keeps the water warm long after filling), separate standup shower, and a walk in closet. Heading upstairs, you'll find a whole other living space! With 4 Bedrooms upstairs and one of them a "second master" with its own private full bath, you'll have plenty of room for everyone. Centrally located is a living area space with a built-in desk work area and mini kitchenette nook with microwave, prep bar and mini fridge. A full basement that's already framed out and electrical ran leaves an open pallet for you to add on even more finished space or use the large area for storage, a gym, recreation area, or anything you can dream up! There are 2 hot water heaters in-series to assure you keep plenty of hot water available for use, even when the house is packed out with family and out of town guests. Out back, you'll find the large back yard that's fully fenced in with a wooden privacy fence surrounding your very own summer oasis, poolside! Pool pump is recently installed and only 1 year old. Added privacy for the yard and pool comes from the mature cypress trees lined along the fence. Lastly, as the sun goes down and the moon comes up, your eyes will be drawn to the awesome curb appeal of the installed accent lighting that showcase the house, front walkway, and some of the trees out front. Enough good things can't be said of this home, so schedule your tour today to come and see why this home is so special!
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.
