1819 Orlando Dr, Cedar Hill, TX 75104
5 beds · 4 baths · 3,801 sqft
***GET THE GOODIES***Boston Floorplan***LITERALLY better than new!*** I know, I know... people say it but this is quite true of this gem! Owners had no intention of moving, but are being relocated out of state. This home is decorated beautifully and owners did $38,000 in upgrades after they closed with the builder: Stunning pendants at Kitchen island, Matte black hardware at cabinetry, Upgraded vanity & designer tiled accent wall at powder, study accent paint, power remote control bug screens at rear patio, 4 High Grade TV's at Primary Bedroom, Great Room, Rear Patio, and one with sound wiring at Media, beverage refrigerator and microwave at Wet Bar in Media, designer accent painting in pantry, whole house water filtration system, video monitoring, security system wiring, & window treatments! PLUS this home is the wonderful and VERY popular Boston Floorplan with a superb elevation! Circular staircase, double oven, Butler's Pantry, designer backsplash, stone to ceiling corner fireplace in Great Room, Study with stained french doors, raised platform for seating at Media, upgraded entry door, soft and neutral color palette with extensive wood floors throughout much of the main level. The room dimensions are quite generous with great storage, and large closets. Lovely overlook to the Great Room and Foyer from the catwalk with extensive wrought iron railings and premium stained trim. The Gameroom and Media Room are truly an entertainer's paradise, your friends and family will feel quite welcome here. All of this topped off by a beautiful neighborhood setting in Bear Creek. You will not want to miss this!
Source: NTREIS #20875201
Financials
Source: NTREIS #20875201
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.