1420 Trinity Meadows Dr, Terrell, TX 75160
3 beds · 2 baths · sqft
Stunning 3 Bedroom Home on 1 Acre! Nestled in a serene and private gated community, this beautifully maintained 3bedroom, 2bathroom home offers the perfect blend of comfort and functionality. Situated on a spacious 1 acre lot this property provides lots of space for both relaxation and entertainment in a quiet and peaceful setting. With 2 generous living areas, you’ll enjoy plenty of room to unwind or host guests. The home also features 2 separate dining areas, making it ideal for family meals or intimate gatherings. The thoughtfully designed split-bedroom floor plan ensures privacy for everyone, with the master suite thoughtfully positioned away from the other bedrooms. Kitchen boasts modern appliances, ample cabinetry, and plenty of counter space for meal prep. Whether you’re entertaining in one of the living areas or enjoying quiet moments in the backyard, you’ll love the large covered patio, perfect for relaxing and enjoying the outdoors. Additional features include a spacious 3 car garage and a well maintained interior ensuring this home is ready to move in and enjoy. Located in a gated community with easy access to local amenities, you’ll enjoy both privacy and convenience. Don’t miss out on this incredible opportunity
Source: NTREIS #20843765
Source: NTREIS #20843765
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.