10491 Gentry Dr, Justin, TX 76247
6 beds · 4 baths · 3,723 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This NEXT GEN property features a versatile GUEST HOUSE, perfectly complementing the newly renovated 5-bedroom, 3-bathroom ranch home situated on a prime 1-acre fenced corner lot! The main house, remodeled in 2022, features two newly added bedrooms and an extra bathroom. The open-concept layout seamlessly connects the kitchen, dining, and living areas—perfect for modern living and entertaining. The kitchen has been thoughtfully updated with two islands, additional cabinets, a new stovetop, refrigerator, microwave, and dishwasher, offering both style and functionality. An additional dining area was added that includes a large drop zone for everyday convenience and an additional HVAC unit added for enhanced comfort. The home has been freshly painted inside and out, with new carpet and tile flooring, modern fixtures, and a stylish design throughout. Step outside to find an expansive yard with newly added front and back patios, connecting sidewalks, and large flower beds complemented by French drains for proper drainage. A split rail fence with wire encloses the property, adding charm and functionality. A sprinkler system has been installed in the front yard, making lawn maintenance a breeze. The 900-square-foot guest house, built in 2020 offers a flexible living space, ideal for in-laws, or even a rental opportunity. Located in a desirable area with no city taxes and easy access to top-rated schools, shopping, dining, and parks, this home offers the perfect blend of space, modern updates, and versatility— making it a must-see!
Source: NTREIS #20840945
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20840945
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 of Equal Opportunity Act.