2140 Palestine Oak Dr, Royse City, TX 75189
4 beds · 2 baths · 1,800 sqft
SELLER IS OFFERING $5,000 TO BUYER! Beautifully maintained 4 bedroom, 2 bath home located in the expanding community of Verandah. This property offers a desirable open floorplan with stylish accent walls and upgraded, decorative lighting. The kitchen features an oversized island complete with additional seating, granite countertops, large pantry, built in appliances and gas range. This space is ideal for entertaining. Primary bedroom is spacious and finished with en suite bath, tiled shower and double sinks. Linen and walk in closets offer plenty of storage space. Secondary bedrooms are nicely sized and thoughfully split to offer privacy in each area of the house. Full size washer and dryer are located in separate utility room near the garage. Covered back patio is perfect for grilling and faces a lovely backyard, complete with wood privacy fence. Refrigerator, washer and dryer are negotiable. Enjoy all the amenities this community has to offer, such as swimming, playgrounds, stocked fishing ponds and walking and jogging trails. Conveniently located near schools, shopping and entertainment. Schedule your showing today!
Source: NTREIS #20836765
Financials
Source: NTREIS #20836765
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.