21310 BLUE WOOD ASTER CT, Cypress, TX 77433
This modern beauty is located on a cul-de-sac street in the prestigious Bridgeland Prairieland Village community. You will love relaxing in your private pool & jacuzzi with lake views! Double front doors welcome you inside this luxurious home featuring 25ft ceilings, wall of windows, towering floor to ceiling fireplace, curved staircase, custom wall paneling & light fixtures + so much more! The kitchen is a chef's dream with double ovens, 5 burner gas cooktop, 42in cabinets as well as quartz countertops. This 5 bed-4.5 bath floorplan includes the primary suite, 2nd bedroom & custom home office downstairs-there is even a hidden room behind the bookshelf! Upstairs you will find the gameroom, media room, 3 bedrooms & 2 full baths with one being a Jack n Jill. This master planned community offers an active lifestyle with the walking-bike trails & community center with multiple pools, playground & shaded seating. Soft water system conveys with property, Zoned to McReavy Elementary
You may be able to put down less than the total down payment amount of $176,674 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #55136838