12105 MOSSYGATE TRL, Manor, TX 78653
MOTIVATED SELLERS! BUYER INCENTIVE: $5,000 TOWARDS rate buy down or closing costs. Welcome to your dream home in the heart of ShadowGlen Subdivision, Manor, TX! This stunning 4 bedroom, 2.5 bathroom, 2 story residence boasts an abundance of natural light that illuminates every corner of its spacious interior. As you step inside, you are greeted by soaring high ceilings that create an airy and expansive atmosphere. The open-concept design seamlessly connects the living, dining, and kitchen areas, perfect for both everyday living and entertaining guests. The heart of the home, the kitchen, is a chef's delight with modern appliances, ample counter space, and a large island that invites gathering and socializing. Adjacent to the kitchen, the living area features high ceilings, lots of natural light, and lots of space ideal for relaxing evenings with loved ones. Upstairs, a huge media room awaits, offering a retreat for movie nights or gaming sessions. The highlight of the second floor is the beautiful catwalk, where you can enjoy a picturesque view of the neighborhood pond, creating a serene ambiance. The primary suite is a true sanctuary with its spacious layout, a spa-like ensuite bathroom featuring dual vanities, a garden tub, and a separate shower. Three additional bedrooms upstairs provide plenty of space for family or guests, each offering comfort and privacy. Outside, the backyard beckons with possibilities for outdoor dining and recreation, while the community amenities include parks, trails, and a vibrant neighborhood atmosphere. New seed and sod were just laid to help with growing the grass in the backyard. Don't miss out on the opportunity to make this extraordinary property your new home. Schedule your showing today and envision yourself living in luxury and comfort in ShadowGlen Subdivision!
You may be able to put down less than the total down payment amount of $148,936 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #8060325