1625 Veneto Dr, Rockwall, TX 75032
4 beds · 4 baths · sqft
Welcome to this stunning, spacious home located in a vibrant and growing neighborhood within one of the most sought-after counties in the area. From the moment you step inside, you’ll be captivated by the soaring tall ceilings that create an open, airy feel throughout the entire home. Every room is generously sized, offering ample space for you to live, work, and entertain with ease. The heart of the home is the thoughtfully designed living area that flows seamlessly into the kitchen, perfect for hosting gatherings or enjoying quiet evenings at home. The large windows invite an abundance of natural light, highlighting the beautiful finishes and creating a warm, welcoming atmosphere. Step outside to your own private oasis! The expansive backyard is a true standout, featuring a fantastic outdoor area that’s perfect for grilling, relaxing, or entertaining under the stars. Nature lovers will adore the meticulously crafted bird garden, where you can unwind while listening to the gentle songs of your feathered visitors. This space is ideal for everything from morning coffee to weekend BBQs. Located in a thriving county, this home offers the perfect blend of suburban charm and modern convenience. With easy access to top-rated schools, shopping, dining, and entertainment, you’ll love being part of this growing community. Don’t miss your chance to own this incredible home that offers space, comfort, and a touch of nature. Schedule your tour today and start envisioning your life here! Additional home features: New roof as of 2023, 2022 appliances, hand scraped hardwood floors, extended patio, gas stoves, 6 in ceiling high-end home theatre speakers in upstairs game room, LG appliance suite with wifi, large closets, walk in attic access on second story, and an extra-large storage closet in front entrance bonus room.
Source: NTREIS #20822320
Financials
Source: Public records
Source: NTREIS #20822320
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.