1320 Vernon Dr, Providence Village, TX 76227
3 beds · 2 baths · 1,526 sqft
You see it, you love it, you buy it. Treat yourself to the ultimate gift: a home for the holidays! This almost NEW, one-homeowner only home built by CENTEX is the perfect starter or downsize home - with ample flex space for work-from-home, play room, workout or art studio space, it's manageable enough, but with room to do more! And with access to the DNT, 380, Central Expressway, not mention nearby stores, hospital facilities and entertainment, all while keeping a quiet and serene vibe, Winn Ridge community is right for you! NEW LVP Flooring throughout its entirety (completed Oct. 2024) elevate this home from its builder-grade carpet & vinyl neighbors. The kitchen and dining area are fluid, giving you tons of space to entertain, or get fancy with cooking ideas. The kitchen comes complete with lots of cabinets, lots of granite counter space, a kitchen island, and a full set of appliances. A large living room with tray ceilings overlooks the kitchen area, with room for bar stools at the kitchen counter as well. Perfect for all your at-home activities is the office with French doors; close them for privacy and separation, or keep them open as an extension of the living room. A private hallway separates the bedrooms and laundry from all the main living areas. Well-lit secondary bedrooms and a sizable primary bedroom with ensuite bath, and walk-in closets give you the storage and private living quarters you need. And with a laundry room large enough for your full size side-by-side washer and dryer, plus shelving, there's no need for laundry to spill out. Double pane windows, radiant barrier and more make for a low energy bill - just what you want in Texas! With cooler temps around the corner, you will love the large backyard - tons of green space to play, throw a ball for Fido, or entertain friends. More fun is nearby where you can find your community pool, sand volleyball court, playground, soccer fields, and dog park. It's all right here in your community.
Source: NTREIS #20758867
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20758867
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: #20758867
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.