10319 Sylvia Dr, Dallas, TX 75228
3 beds · 2 baths · 1,474 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled off Peavy in sought-after East Dallas, this charming home is a true standout. A brand-new roof (just one month old!) sets the stage for worry-free living, while hardwood floors flow through all main living spaces and two of the three bedrooms, adding warmth and character. Step inside to a bright, sun-filled living area, where natural light dances across the space. The galley kitchen has been thoughtfully opened, creating an effortless flow between the kitchen and living room—perfect for entertaining. A dedicated dining room, spacious primary suite, and a secondary bedroom complete the left side of the home, while a large third bedroom sits privately on the right, next to an oversized laundry room. The primary suite boasts approximately 240 square feet, offering ample room for a cozy sitting area or home office. Out front, banana trees bloom beautifully in the summer, adding a lush, tropical touch to the curb appeal. Out back, a fully fenced yard on more than a quarter-acre awaits, complete with existing water lines from a previous garden—ready to be revived into a lush retreat. The recently resealed deck is primed for outdoor gatherings, built to withstand the ever-changing Dallas weather. Plus, newer windows and fresh paint make this home move-in ready. With home values in East Dallas on the rise, this property offers incredible potential for long-term equity growth while priced to make it your own. 3D Walkthrough Available in MLS.
Source: NTREIS #20884160
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20884160
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.