1208 S Pecan Pkwy, Justin, TX 76247
3 beds · 4 baths · 3,112 sqft
**FLASH SALE**This weekend only. If your client submits an offer by April 1 5:00 pm CST seller is offering $10,000 in seller concessions to be used towards closing costs or rate buy down. Don't let this amazing opportunity pass you buy! Welcome to this beautifully designed Drees home. This one of a kind home draws you in with it's dramatic red door and inviting front porch to enjoy your morning coffee. This one-story home offers a perfect blend of comfort and functionality. Boasting 3 bedrooms, 3.5 bathrooms, and a versatile flex room, this home provides ample space for both relaxation and entertainment. The open-concept living area flows seamlessly into a modern kitchen, complete with high-end appliances, granite countertops, and a large island — ideal for gatherings. Each bedroom features its own ensuite bathroom, ensuring privacy and convenience, while the primary suite impresses with a spa-like bathroom and walk-in closet complete with built-ins. The flex room offers endless possibilities — a home office, gym, playroom or man cave — tailored to your lifestyle. Out back, enjoy the extended covered patio and yard, perfect for outdoor dining or just relaxing by the fireplace. This thoughtfully designed home combines elegance and practicality, making it a perfect haven for modern living. HOA includes front yard maintenance and 2gig internet. Seller has VA loan and willing to let another vet assume the loan. Interest rate is 4.1%
Source: NTREIS #20876574
Financials
Source: NTREIS #20876574
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.