2108 Auburndale Ave, Melissa, TX 75454
4 beds · 2 baths · 1,941 sqft
Charming & Immaculate 4-Bedroom Home in Prime Melissa Location!Welcome to 2108 Auburndale Ave, Melissa, TX, a beautifully maintained 4-bedroom, 2-bath home nestled in a highly sought-after community. This stunning property offers the perfect blend of comfort and convenience, with easy access to Highway 75 for a seamless commute to Dallas and beyond. Step inside to find an inviting open floor plan with spacious living areas, natural light, and tasteful finishes throughout. The kitchen is complete with granite countertops and ample cabinet space, making it ideal for cooking and entertaining. The primary suite is very cozy and a true retreat, featuring an ensuite bath with dual sinks, and a walk-in closet. Enjoy relaxing evenings or weekend gatherings in the simple backyard, perfect for outdoor entertaining. This home is conveniently located near top-rated Melissa schools, parks, shopping, and dining, offering the best of suburban living. Don’t miss out on this incredible opportunity—schedule your showing today and make this Melissa gem your own All information is deemed reliable, however buyer and buyers agent are to verify all information including but not limited to footage, schools, amenities, and HOA, etc.
Source: NTREIS #20882016
Financials
Source: NTREIS #20882016
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.