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$425,000 SIGNIN

Sign in to see required down payment for the 2.73% rate

1476 Meadowbrook Ln, Nevada, TX 75173

4 beds · 2 baths · 2,007 sqft

**Charming Country Retreat in Nevada, TX - Exceptional Spacious Living** Nestled just outside the bustling city limits of Nevada-Josephine, TX, this enchanting 4-bedroom, 2-bathroom home beautifully combines modern elegance with rural tranquility. Enjoy the freedom of country living on a generous 1-acre lot without the burden of HOA, MUD, or PID taxes. Benefit from the low tax rate while relishing in this accommodating property that offers both luxury and practicality. Step into a world of elegance as you enter the open-concept living space adorned with large plank wood flooring that exudes warmth and sophistication. The living area boasts tall ceilings and a wood-burning fireplace, creating a perfect setting for relaxation and gatherings. Generous natural light filters through expansive windows, accentuating the spaciousness of the interior. The heart of the home, the kitchen, is a gourmet's delight with its ample counter space and modern amenities, including granite countertops, stainless steel appliances, and a sizable walk-in pantry. Designed with efficiency and style in mind, this kitchen meets all the demands of contemporary living. All four bedrooms are generously sized, providing versatile options for living and working, while the bathrooms are crafted with quality finishes to ensure everyday luxury. The exterior of the property matches the interior's splendor with a partially fenced yard and a large covered porch perfect for enjoying coffee in the morning or entertaining guests throughout the year. The 20x30 workshop is a standout feature, equipped with electricity and offering endless possibilities for hobbyists and tinkerers alike. Join a friendly community in a neighborhood known for its welcoming atmosphere and peaceful surroundings. Don't miss the opportunity to own this delightful property that promises both convenience and charm.

Estimated
Seller's interest rate
2.73%
7%
Estimated
Monthly payment

$1,712
$2,298
You may also save up to $182,068 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,298 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
FHA
Rate
2.73%
Remaining term
25 yrs and 11 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,712
Principal & interest
$1,056
Mortgage insurance
$183
Property taxes
$107
Home insurance
$364
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
2,007 sqft
Lot size
1.06 acres
Year built
2005
Type
Single Family Residence
HOA dues
$0.00

Source: NTREIS #20884671

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: Apr 18, 2025 12:39 am
Listing agent: Jodie Mayo
Listing provided courtesy of: Coldwell Banker Apex, REALTORS (972) 772-9300
Details provided by NTREIS and may not match the public record.
MLS ID: #20884671
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
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