Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
VA loan
Featured
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VA loan
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$499,000

21155 Gosling Rd, Spring, TX 77388

3 beds · 2 baths · 3,302 sqft

Veterans - Assume this FIXED RATE VA loan at 3.25%. Buy with Roam and save $100's monthly. Bridgestone Crossing has newer duplexes (Two x 3 beds/2.5 baths/2 garage). Great location by master planned communities & zoned to acclaimed Klein ISD. Luxury homes only 6 miles south of The Woodlands, ExxonMobil Houston Campus, Medical, Old Town Spring shopping; Splash town & Bush Int'l Airport. Both units overlook a lovely greenbelt for quiet living, each features 1650 +/- sq.ft (HCAD) 3 beds, 2.5 baths, country kitchen, smart home system, huge primary suite & double garage. Complete with stainless steel refrigerator, washer, dryer & garage door opener. Complex has lots of guest parking. Property mgmt services available. HOA fee covers the main insurance policy, exterior building mtce, long term improvement reserves, water, sewer, trash, playgrounds & landscaping. Low tax rate, A GREAT INVESTMENT opportunity. Live in one home and rent out the second unit or lease both units for passive income!

Estimated
Seller's interest rate
3.25%
7%
Estimated
Principal & interest
$1,849/mo.
$2,758
You may also save up to $299,910 in total interest paid.
Listing price
$499,000
Your cash down payment
$95,492
Seller’s estimated current equity is $95,492
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,849 monthly payment
Financed
$403,507
Assumed mortgage 3.25% • Seller's rate
$403,507
2nd mortgage 9.5% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.
45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
3,302 sqft
Year built
2018
Type
Multi Family

Source: HAR #42807188

Loan
Remaining term
27 years, 6 months
Rate
3.25%
Monthly P&I
$1,849
Remaining loan balance
$403,507

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

View all FAQs
Resources
Last updated: Dec 21, 2024 09:32 am
Listing agent: Ericka Thomas de No (713) 851-9369
Listing provided courtesy of: Regal Realty International, LLC (713) 464-7722
Details provided by HAR and may not match the public record.
MLS ID: #42807188
Copyright 2024, Houston REALTORS® Information Service, Inc. The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
Estimated
Seller's interest rate
3.25%
7%
Estimated
Principal & interest
$1,849/mo.
$2,758
You may also save up to $299,910 in total interest paid.
Listing price
$499,000
Your cash down payment
$95,492
Seller’s estimated current equity is $95,492
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,849 monthly payment
Financed
$403,507
Assumed mortgage 3.25% • Seller's rate
$403,507
2nd mortgage 9.5% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

$1,849/mo
View details