1318 Belaire Dr, Richardson, TX 75080
4 beds · 2 baths · 1,422 sqft
Move in ready! CAST IRON REPLACED 2021 (under the house and from the house to the alley) ROOF REPLACED 2020, HVAC REPLACED 2022 Light, bright and totally refreshed from front to back! Renovations are complete with recent updates that include flooring, light fixtures and fans, entirely new kitchen with quartz counters, cabinetry with soft close drawers and cabinet doors and newer windows! Large, separate laundry room and pantry space with convenient open shelving. Kitchen is open to a flexible area for informal or formal dining that could also be a combined dining-living area! The 4th bedroom off the kitchen is also versatile...home office? hobby room? play room? or fourth bedroom if needed! Easy maintenance luxury vinyl plank floors throughout with tile in the kitchen and baths. Large, fully sprinklered treed yard off the kitchen, 2 car garage and a wonderful location for easy commuting to shops, dining and highways! Don't miss this adorable Richardson Heights house.
Source: NTREIS #20862261
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20862261
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.