2205 Bastrop St, Houston, TX 77003
3 beds · 3 baths · 1,950 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Light and Bright Urban 3-Story Home in Prime Location! This stunning 2/3 bedroom, 3.5 bath home offers a spacious and modern living experience with the potential for a third bedroom, loft or office. Featuring vaulted ceilings and an open-concept layout, the large island kitchen with granite countertops and stainless steel appliances flows seamlessly into the family room and dining area, all while providing breathtaking views of the downtown Houston skyline. Each bedroom enjoys direct access to its own bathroom, with the primary suite offering a luxurious ensuite bath complete with double sinks, granite countertops, and a separate tub and shower. Enjoy the convenience of an attached 2-car garage, an automatic gate to the driveway. Located just minutes from sports venues and top-tier restaurants, and downtown Houston, this home is also within 5 miles of the University of Houston, making it an ideal choice for both work and play. Don’t miss out on this exceptional urban retreat!
Source: HAR #10314367
Source: HAR #10314367
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.