10832 Sexton Dr, Mckinney, TX 75072
4 beds · 3 baths · 2,198 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Motivated Seller, Stone Elevation, Meticulously well maintained, new paint, one owner home with 4 bedrooms, 3 full bath, in a highly desirable Heights of Westridge community in a exemplary Frisco ISD. This beautiful bright home will boast designer interior finishes in this low maintenance lifestyle. Step inside and feel this light open flow that makes everyday life effortless , the spacious family room is perfect for cozy evenings by the gas starter fireplace. The kitchen is complete with upgraded granite counter tops, huge island, nice size pantry, gas cooktop and attached microwave. Covered patio has extended cemented space and beautiful Pergola was added to beautify the backyard. Garage has newly installed epoxy flooring. Agents and Buyers please verify all MLS, schools, measurement, taxes information. All information is considered reliable but not guaranteed. Take off shoes if raining, muddy
Source: NTREIS #20886490
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20886490
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.