2012 Windsor Dr, Argyle, TX 76226
4 beds · 2 baths · 2,037 sqft
Welcome to this GORGEOUS 4-bedroom 2 bath home built by D.R. Horton in the fabulous Avalon at Argyle community. As you walk into the spacious open floorplan is a grand entry with a 12-foot ceiling and wide hallways that extend into the house. Spacious modern kitchen with granite countertops, 42-inch upper cabinets, pendant lights, tiled back splash, large Island, stainless Steel built-in appliances, gas cooktop and walk-in Pantry. The dining room flows into the large living room creating a warm environment perfect for hosting or staying in to work at the computer niche. The master suite is separated off the living room and features a luxurious en-suite bathroom with dual sink vanity, garden soaking tub and separate shower. This home features ceramic wood-looking tile in the entry, halls, wet areas, living room and mud bench. Large utility room with full house water shutoff and tankless gas water heater. Back yard features a covered patio and large grass area backing up to the community greenbelt walking path. Landscaped with stone and brick lined flowerbeds, full sprinkler system and much more! Close proximity to Historic Downtown Denton, DFW International Airport, Texas Motor Speedway, Tanger Outlet Mall, numerous shops and restaurant choices. **Major upgrades include: cabinet hardware, light fixtures, ceiling fans throughout home and 220V plug in garage for an electric car. This house is a must see!
Source: NTREIS #20847094
Financials
Source: Public records
Source: NTREIS #20847094
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.
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 “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.