1020 Rockefeller Ln, Allen, TX 75002
4 beds · 3 baths · 2,224 sqft
Exceptional home in pristine condition located in highly sought-after Heritage Park neighborhood. ASSUMABLE VA LOAN 2.3%*Must be a Veteran. Stunning wood-look tiled floors greet you upon entry and flowing into the living area featuring a wood-burning gas fireplace and vaulted ceilings. Kitchen features granite countertops, ample cabinet space, and a 2024 dishwasher and microwave. The breakfast nook allows for views of the oversized backyard. Owner suite down, featuring a separate shower and large soaking tub. Upstairs you will find a central large game room that makes for the perfect play area. All bedrooms feature plush carpet and generous closet space. The oversized backyard features a wood deck perfect for entertaining, mature tree allowing the perfect amount of shade, and a 15 x 7 storage shed. HVAC system was installed in 2021. Updates include: water heater Sept. 2024, new carpet, new toilets, new gutters, and fresh paint throughout! You don't want to miss it!
Source: NTREIS #20747682
Source: NTREIS #20747682
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: #20747682
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.