1204 Basswood Ln, Royse City, TX 75189
4 beds · 2 baths · 1,551 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Take a look at this charming 4 bed 2 bath home in sought after Verandah Subdivision, just around the corner from the new Ruth Cherry Elementary School! The neighborhood boasts a community pool, splash pad, playground, jogging-walking paths, as well as catch and release fishing from the beautiful neighborhood ponds! As you step inside the home you will find a spacious open floorplan! The kitchen features a large center island with beautiful woodwork accent on the back, plenty of cabinet space, walk in pantry, coffee nook, and bonus... the seller is willing to leave the fridge! The family room offers a lovely electric fireplace as the focal point of the room and gives a cozy feel of home! The primary suite features a walk-in closet, oversized shower, and so much more! This home is well suited for families of all sizes and offers a split bedroom floorplan. The 4th bedroom is separated slightly from the other secondary bedrooms making it also perfect as a guest room, separate office, or playroom. The property is beautifully landscaped and has upgraded down lights under the eaves that can be controlled by remote and change colors! The color changes are fun for holiday time frames or just adding a soft hue around the home in the evenings! Enjoy those evenings from the privacy of your backyard with an extended covered patio! There is also a dog kennel in the rear that can stay or be removed! Don't miss out on this wonderful home! It won't last long!! The lawn had just been coated with a fertilizer spray as you can see in the photos!
Source: NTREIS #20867040
Source: NTREIS #20867040
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 and Equal Opportunity Act.