10936 Scotsmeadow Dr, Dallas, TX 75218
4 beds · 2 baths · 2,225 sqft
Extraordinary opportunity to polish an authentic Ju-Nel Mid-Century Modern boasting unlimited potential, nestled on a quiet, gently hilled street in Lochwood, just moments from Northwest Highway & a short drive to White Rock Lake. Entryway with magnificent floating, wrap-around staircase greets you, split living-dining & den separated by brick fireplace & gorgeous MCM wood partition. Den with vaulted ceilings, grand gas fireplace and cantilevered hearth. Quintessential Ju-Nel kitchen with walnut cabinets, original countertops, stainless steel dishwasher & reverse osmosis water system. Laundry & mechanics closet with laundry chute! Large master suite downstairs with plenty of closet space. Upstairs boasts 3 large bedrooms & full bath & great storage. Huge walk deck doubles as carport to compliment 2-car attached garage. Nicely sized backyard. A rare opportunity to renovate and own an absolute work of art! HVAC replaced 2024. Metal shingle roof. Vintage sheet vinyl under carpets.
Source: NTREIS #20858135
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20858135
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.