1018 S Waverly Dr, Dallas, TX 75208
3 beds · 3 baths · 2,132 sqft sqft
Nestled in the heart of Sunset Hills in Oak Cliff, this modern gem was exquisitely renovated in 2019 with timeless design & well appointed finishes thru-out. Natural light floods through bright & airy windows highlighting the herringbone wall, open concept layout & soaring ceilings, anchored by white oak hardwood floors. The gourmet chef's kitchen is equipped with a sleek Jenn-Air range & fridge, flush inset cabinetry to the ceiling with soft close drawers and doors, a sprawling island with abundant storage, a wine fridge and separate pantry making it ideal for entertaining. The primary suite is a peace filled sanctuary boasting custom closets that will make you swoon and a luxurious spa retreat ready to carry you away. A deep soaker tub and step-in shower, along with dual sinks allows convenience and options. The secondary bedrooms are equipped with walk in closets with storage systems, custom shades & share a Jack and Jill bathroom with a walk-in shower. Step outside to find an entertainer's delight with an oversized deck, outdoor kitchen with granite counters, & lush grassy area. A glass garage door lends an ultra-modern touch to the 2-car garage loaded with space for tinkering, storage or your man cave or she-shed dreams. A mudroom bench and washer, dryer utility area is perfectly situated at the backdoor ready to receive the day's haul. An electric gate is the icing on the cake for this well thought-out and meticulously maintained home. Located minutes from the vibrant Bishop Arts District, Downtown Dallas, and Trinity Groves, come home to where convenience & luxury intertwine right at your doorstep. Roof, plumbing, electrical & HVAC were re-done 2019 and transferable foundation warranty from 2022 is available.
Source: NTREIS #20721687
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20721687
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #20721687
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.