1513 Wayback Dr, Celina, TX 75009
2 beds · 2 baths · 1,420 sqft
Welcome to this beautifully crafted Taylor Morrison home, a true gem that has been meticulously maintained and thoughtfully designed for both comfort and style. Nestled in the highly sought-after Light Farms community, this residence offers a perfect blend of elegance, functionality, and modern living. As you step inside, you'll be greeted by 9-foot ceilings that create an open and airy atmosphere throughout the home. The spacious dining area and eat-in kitchen are perfect for entertaining, featuring sleek countertops, ample cabinetry, and a layout that makes hosting family and friends effortless. One of the standout features of this home is the glass-enclosed covered patio, providing a seamless indoor-outdoor living experience. Whether you're enjoying a quiet morning coffee or hosting an evening gathering, this space offers year-round comfort with easy access to the well-manicured backyard. Throughout the home, gorgeous plantation shutters adorn every room, allowing for abundant natural light while maintaining privacy. The timeless elegance of these shutters complements the home's neutral tones and modern finishes. Living in Light Farms means enjoying an active and vibrant community with an array of amenities, including multiple swimming pools, basketball courts, scenic walking trails, frequent community events and so much more. Designed for convenience and a high quality of life, this master-planned development fosters a strong sense of community and offers easy access to top-rated schools, shopping, and dining. Don't miss this opportunity to plant your roots in one of the most desirable communities in North Texas.
Source: NTREIS #20861063
Financials
Source: Public records
Source: NTREIS #20861063
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.