1408 Stoneleigh Pl, Aubrey, TX 76227
4 beds · 3 baths · 2,996 sqft
BEAUTIFUL 4 bedroom, 3 bath with 3-car garage on a large lot in the master planned community of Arrowbrooke. Natural wood-like floors flow throughout the first floor. The bright open floor plan brings living, dining and kitchen together and is the perfect setting for gatherings. Enjoy preparing meals in the upgraded kitchen with gas burning stove, tons of white cabinets, a buffet for extra storage and a pot filler! The large island is the perfect eat-in spot to enjoy breakfast or coffee while visiting with family and friends. The huge primary retreat with ensuite bath provides plenty of space for a sitting area, work space or work out bike! 4th bedroom at the front of the home has large windows for lots of natural light and is the ideal space for a home office. The large upstairs game room is a great getaway and can be used as a home theater with built in bar, space for a mini fridge and a full bath. Arrowbrooke features community pools, parks, trails, lakes and much more! A MUST SEE!
Source: NTREIS #20663358
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20663358
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: #20663358
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.