108 Thompson Dr, Van Alstyne, TX 75495
4 beds · 2 baths · 1,832 sqft
BACK ON MARKET NO FAULT of SELLER. Welcome to this meticulous like new home in Georgetown Village of Van Alstyne, TX. This sought after Stonehollow Homes floorplan offers the perfect balance of comfort and style. With quick access to HWY 75, commuting is a breeze, and just minutes away from downtown Van Alstyne, where you’ll find charming dining, shopping and local community events. This home features a spacious formal dining room, which can easily be transformed into a home office to suit your needs. This home is a rare find in the neighborhood with its fully covered patio that provides the perfect outdoor space for relaxing or entertaining year-round. Flooring and paint colors are consistent throughout the home and in impeccable condition! This turnkey home brings the convenience of its community amenities, including a sparkling pool, playground, basketball courts, and scenic walking paths. For those who enjoy nature and sports, Forrest Moore Park is within walking distance along with close proximity to Van Alstyne Elementary. This home is in a prime location to all the Van Alstyne has to offer! Schedule a showing today! This home is in like-new condition, offering a clean, well-maintained space that is move-in ready. Whether you're looking for a cozy family retreat or a place to entertain, this home has it all. Don't miss your chance to own this rare gem in one of the most desirable communities in Van Alstyne!
Source: NTREIS #20819564
Financials
Source: NTREIS #20819564
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.