19914 Rojo Rock Ln, Cypress, TX 77433
4 beds · 4 baths · 2,722 sqft
This is lovely 4 bedroom home has been well cared for, it's in a beautiful community. The front view faces one of the subdivision lakes. It has a brick & stone elevation with a large backyard. Freshly painted, New carpet & new laminate flooring installed 08/2024. Stainless steel appliances, 42' kitchen cabinetry, vaulted ceiling in family room, extended sitting bar area, large dining room that is open to the kitchen and family sitting area, kitchen has tons of cabinetry, tray ceiling in master bedroom, master bath has separate shower and bath, two sink vanity with lots of cabinetry. This home has 3.5 full bathrooms with tubs. Large game room located upstairs. All of the bedrooms are large in size with walk in closets. Front bedroom upstairs has a view of the front lake. Subdivision has walking trails, lots of lakes, tennis court, pool splash pad, picnic area has lots of seating with BBQ grills, community center has full gym. Neary by eateries, grocery store, near Outlet Mall. Must see
Source: HAR #24124034
Interest rate and monthly payment estimated based on public records.
Source: HAR #24124034
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: #24124034
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