1416 Gatewood Dr, Denton, TX 76205
4 beds · 3 baths · 2,766 sqft

Get a free consultation call with an expert in the mortgage assumption process.
This must see property located in the Southridge East subdivision is majestic! This two story brick home with towering mature trees and a relaxing backyard oasis has four bedrooms and three full baths that offer a blend of comfort & sophistication. Step into your own resort-like haven, featuring a stunning pool & outdoor living space giving you an unmatched level of privacy on a large wooded lot. Interior features include large vaulted ceilings with a gas fireplace, an amazing showcase surrounds the fireplace with large windows that are all located in the main living room. Off of the living room is an amazing gourmet kitchen with views of the backyard. There is plenty of room for family gatherings in the formal dining room & breakfast nook. The primary bedroom is tucked away with a spa-like bath & a large walk-in closet. Located across from the primary bedroom is a spacious bedroom that can be used as a bedroom or home office. Located upstairs is two more bedrooms and a full bath with another flex room that can be used as a media room or a den for entertaining. This property has it all with easy access to I-35 and conveniently located just minutes away from shopping, restaurants and top rated schools. You won't want to miss this opportunity, make your appointment to see this gem today!
Source: NTREIS #20911606
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20911606
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.
