1647 Seabreeze Dr, Grand Prairie, TX 75051
3 beds · 2 baths · 1,360 sqft
Grand Prairie ISD Schools! Choose this home because you value unbeatable CONVENIENCE and INCREDIBLE COST SAVINGS! The Tesla solar panels have reduced the seller's summer electricity bills to as low as $45-$75 per month. The buyer can assume the lease, which ranges from $0 to $75 per month during peak summer months, or purchase the panels outright. Per Tesla, no credit check is required for leasing or buying. Inside, enjoy low-maintenance flooring with no carpet in high-traffic areas, a fresh coat of paint throughout, and NEW CARPET in the bedrooms, making it completely MOVE-IN READY! Step into the low-maintenance backyard featuring no grass, a large storage shed, and a spacious covered patio, perfect for entertaining and family gatherings. New homes are being built in the neighborhood, boosting property values, and you’re just a short walk from the beautiful Mountain Creek Lake Reserve. Experience ultimate convenience with easy access to Highway 161, George Bush Turnpike, HWY 360, and I-30—say goodbye to long commutes! Super close to Irving, AT&T Stadium, Texas Rangers, and downtown, you'll love the quick and easy travel to top destinations!
Source: NTREIS #20864085
Financials
Source: NTREIS #20864085
Source: Public records
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.