119 Allencrest Ln, Coppell, TX 75019
3 beds · 3 baths · sqft
Nestled in the heart of Coppell’s highly coveted Park Place of Coppell neighborhood, this stunning property at 119 Allencrest Lane is a masterpiece of endless possibilities and luxurious comfort. Step into a world where imagination and elegance meet versatility. This exceptional home offers so much potential from an extra flex space tailored to your lifestyle, whether it becomes a state-of-the-art home gym, an inviting additional living area, or a dual-purpose bedroom and office to a beautiful relaxing evenings by the pool. The expansive open-concept living and kitchen area was designed with entertaining in mind and is perfect for hosting memorable gatherings. Step outside to enjoy the serene ambiance of your private oasis, complete with a sparkling pool and a cozy fire pit, ideal for relaxing evenings under the stars. The spacious Owner’s Suite is a retreat like no other. It features dual closets to accommodate the most extensive wardrobes and a skylight that bathes the luxurious ensuite bathroom in natural light. Whether you're looking for your forever home or a remarkable investment opportunity, this property is ready to exceed expectations. The only thing missing is your vision or your lucky tenant. Are you prepared to make this stunning home the centerpiece of a new chapter? Updates include tree removals, pool resurfacing, concrete on the back patio, and painted rooms, such as the living space, office, Flex (Bonus) room, and kitchen. Don’t miss the chance to call this beauty your own!
Source: NTREIS #20773198
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20773198
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What 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.
MLS ID: #20773198