2019 Longhorn Dr, Houston, TX 77080
4 beds · 4 baths · 2,413 sqft sqft
Pottery barn meets Restoration hardware is the best way to describe this extensively remodeled, practically new home w/luxurious updates & additions at every turn. A fabulous foyer welcomes you inside where you're greeted by an open floorplan w/amazing sightlines highlighting the designer lighting & updated hardware. The kitchen is a chef's dream w/updated appliances and great flow for entertaining both inside & out. Your guests & kids will be amazed at the ENORMOUS composite deck & Treehouse! The craftsman in the family will love the OVERSIZED, Air Conditioned 3-car garage & insulated workshop, and the gardener will go crazy over the NEW Tuff Shed Barn, raised garden beds & smart irrigation system! Work remotely in the front office w/recent custom built-in cabinets. Other updates: Recent Roof, Recent HVAC '22, New Privacy fence, New PEX,updated Electrical Panel, Updated Windows & Sewers, Quartz Counters & New Cabinets '22, Bathrooms updated '23, & MUCH More! see list attached.
Source: HAR #57123554
Interest rate and monthly payment estimated based on public records.
Source: HAR #57123554
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: #57123554
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.