1213 Lexington Dr, Corsicana, TX 75110
4 beds · 3 baths · sqft
Welcome to your dream home! This beautiful 4-bedroom, 2.5-bath home is designed for both comfort and functionality, making it the perfect sanctuary. As you step inside, you are greeted by a warm and inviting living room that serves as the heart of the home. This spacious area features elegant built-ins that provide ample display space for your cherished decor and books, while a cozy fireplace creates a focal point that invites relaxation and gatherings. The well-designed layout offers a seamless flow from the living room to the dining area and kitchen, making it easy to entertain guests or keep an eye on the little ones. The kitchen is equipped with brand new stainless-steel appliances and plenty of counter space, ensuring that meal preparation is a breeze. An extra room off of the kitchen with full bathroom can be used as a fourth bedroom or extra TV room. Retreat to the primary bedroom, which has French doors that lead to the backyard and pool. This generous space features his and hers separate dual vanities, and walk-in closets providing ample storage. Step outside to discover your own private oasis in the large backyard. The centerpiece is a sparkling pool complete with a diving board, perfect for summer fun and relaxation. The expansive oversized yard provides plenty of space, as well as opportunities for gardening or outdoor activities. Backyard features a driveway gate for privacy, nice storage shed, alley entry, long drive way for extra parking, two carport including a two car garage. This home is conveniently located in a desirable neighborhood, close to schools, parks, shopping, and dining options, making it an ideal choice for families. Don't miss the opportunity to make this beautiful property your own! Your dream lifestyle awaits!
Source: NTREIS #20782618
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20782618
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: #20782618
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.