15 Black Swan Ct, Magnolia, TX 77354
4 beds · 4 baths · 2,652 sqft
Welcome to 15 Black Swan, a beautiful property located on a quiet cul-de-sac in the heart of Magnolia, Texas. This full brick home offers 4 bedrooms and 3 full baths. As you step inside, you’ll be greeted by a bright and open floor plan. The kitchen is equipped with brand-new appliances and lots of cabinet space. The primary bedroom includes a large walk-in closet with plenty of room for all your belongings. The second bedroom is generously sized and offers abundant closet space as well. Step outside to enjoy the fully fenced backyard, perfect for outdoor activities, and with the full sprinkler system, keeping your lawn lush and green is a breeze. Located in the highly sought-after Magnolia Independent School District and with easy access to I-45, this home offers a quick commute to Houston and The Woodlands. Don’t miss your chance to make this home your own! Contact us today to schedule a private tour.
Source: HAR #83850066
Interest rate and monthly payment estimated based on public records.
Source: HAR #83850066
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 30-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: #83850066
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.