13526 Pegasus Rd, Cypress, TX 77429
5 beds · 5 baths · 4,009 sqft sqft
Stately all brick custom home with three car garage & two-car carport. This two-story home by Ranier Custom Homes features an open floor plan w/stunning crown moldings, custom built ins, hard wood floors, NEW carpet and beautifully remodeled primary bathroom. Work from home in the handsome office & entertain in the living room w/gas log fireplace and views of the back yard. The gourmet kitchen features tons of cabinetry, large island w/granite counters and walk-in pantry. The primary suite with NEW remodeled bathroom is in the back of the home with views of the sparking pool, spa and rock waterfall. The second story has four bedrooms and a unique game room with additional space for a pool table. You can also enjoy refreshments on the second floor with the mini kitchen! The back yard is private with a large, covered patio accessed from the primary bedroom & kitchen area. All these great features on a cul de sac street! Check out the Recreational Facilities i.e., pool & tennis courts!
Source: HAR #68315688
Interest rate and monthly payment estimated based on public records.
Source: HAR #68315688
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: #68315688
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.