1817 Mindehall Dr, Dallas, TX 75234
4 beds · 4 baths · 3,588 sqft
Beautiful 2 story brick and stone elevation home that boasts elegance and functionality. Better than new, built in 2022, centrally located in DFW, Kensington subdivision - Mercer Crossing in Farmers Branch. This fully upgraded home features, 4 bedrooms, 3.5 baths, executive study with glass doors, formal dining or formal living, game room, gourmet kitchen with waterfall island, coffee bar with cabinets and wine fridge, big walk-in pantry, guest suite with private bath are locating downstairs, laundry room with pocket door, tray ceiling in living, sliding glass doors to back patio, laundry room with pocket door, gas fireplace, oversized 2 car rear entry garage, full gutters, landscaped yard with full sprinkler system, privacy wood fence, brick paver steps walkway, covered porch and extended patio. Designer paint, upgraded lighting, gold hardware on all cabinets, soft closing drawers, quartz countertops, SS appliances, farmhouse sink, glass backsplash, 36 inch gas cooktop with custom hood that is vented outside, solid wood treads for stairs and balusters, wood floors all throughout, custom tile in all baths, shampoo shower niches, Berber carpet only in game and two bedrooms locating upstairs, epoxy floors in garage. Primary bedroom is spacious and grand with extended window seating and Tray ceiling in recessed grid pattern. The primary bath is a showstopper with marble like tile, dual vanities, custom cabinets, free standing tub, walk-in shower with bench and rainfall nozzle shower head, oversized walk-in closet. Located in a master planned community with pools, dog parks, playgrounds, jogging paths, parks & club house. Close to schools, major highways, airports, amazing shopping-dining, RYSE Energy StarCenter Multisport, JOYA at Oran Good Park, and Mercer Boardwalk.
Source: NTREIS #20854355
Source: NTREIS #20854355
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.