1852 Place One Ln, Garland, TX 75042
3 beds · 2 baths · 1,572 sqft
This charming 3 bed, 2 bath townhouse is ready to move-in. Perfect for first time buyers! Family Room with luxury vinyl plank floors features soaring ceiling with large windows that let in plenty of light, along with a beautiful, cozy wood burning fireplace and glass, sliding doors leading out to the patio area. Patio space can be reimagined to a wonderful entertainment and gardening area - giving you the chance to personalize and upgrade the landscaping to your liking - whether with a pebbled zen garden full of beautiful planters or a heavenly scented garden where you can plant all your favorite herbs and flowers. Primary bedroom on first floor also has glass doors that open to the patio! All 3 bedrooms are well-sized with large walk-in closets in each. Gorgeously remodeled bathrooms were upgraded a year ago. More recent upgrades include freshly painted walls throughout, new vinyl plank flooring throughout, new baseboards, new ceiling fans, new lighting and more. Amenities include pool, clubhouse, playground & community sprinkler. Community has wonderful grounds with the playground located adjacent to the home while still maintaining privacy in the patio area. Great location on edge of Garland & Richardson with Richardson ISD! Near shopping, entertainment & short drive to freeways. Close to DART and Richland College. This home is priced to be an ideal opportunity for those looking for a smart investment with plenty of further potential as you adapt the home to your personal tastes!
Source: NTREIS #20766291
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20766291
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #20766291
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.