VA loan
1 of 30
VA loan
$240,000 SIGNIN

Sign in to see required down payment for the 2.75% rate

1014 Caprice Dr, Grand Saline, TX 75140

4 beds · 2 baths · 1,830 sqft

Welcome to this beautiful farmhouse-style brick home nestled in a highly desirable, established neighborhood just minutes from local schools! This charming 4-bedroom, 2-bath residence sits on an expansive 0.390-acre lot and offers the perfect blend of comfort, style, and functionality. Step inside to discover a light-filled, open-concept living, dining, and kitchen area that creates a spacious and seamless flow—ideal for both everyday living and entertaining guests. The oversized living area offers endless layout possibilities and plenty of room for gatherings, game nights, or relaxing evenings at home. The kitchen features ample cabinetry, a generous island or breakfast bar, and a layout that keeps you connected to the rest of the home. Just off the main living space, you'll find a large utility room with extra storage and convenience. With four bedrooms total, this home offers flexibility to meet your needs. Use the fourth bedroom as a guest room, home office, playroom, or even a second living area—the choice is yours! Each bedroom offers a peaceful retreat with great natural light and closet space. Step outside to enjoy the covered back patio, perfect for morning coffee or evening BBQs. The large backyard offers room to garden, play, or just relax under the shade of mature trees. A shed is included for extra storage or tools, and the spacious lot provides privacy and plenty of outdoor possibilities. With 1,830 square feet of living space and thoughtful features throughout, this home truly has it all—and it’s priced to sell quickly! Whether you're a first-time buyer, growing family, or looking to downsize without compromise, this one checks all the boxes. Don’t miss your chance to own this move-in-ready gem in a prime location. Schedule your private showing today!

Estimated
Seller's interest rate
2.75%
7%
Estimated
Monthly payment

$745
$1,032
You may also save up to $87,327 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,032 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
VA
Rate
2.75%
Remaining term
25 yrs and 4 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$745
Principal & interest
$533
Mortgage insurance
-
Property taxes
$6
Home insurance
$206
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,830 sqft
Lot size
0.39 acres
Year built
1973
Type
Single Family Residence
HOA dues
$0.00

Source: NTREIS #20884339

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

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.

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 620, 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.

View all FAQs
Last updated: Apr 14, 2025 07:59 pm
Listing agent: Nick Termini (469) 338-1210
Listing provided courtesy of: CENTURY 21 Judge Fite Co. (972) 270-2100
Details provided by NTREIS and may not match the public record.
MLS ID: #20884339
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
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