2225 Tangleridge Ln, Rowlett, TX 75088
4 beds · 2 baths · 1,817 sqft
Get a free consultation call with an expert in the mortgage assumption process.
You won’t want to miss this stylishly updated home tucked away in a quiet neighborhood with easy access to I-30 and the George Bush Turnpike. There’s room for all with its 4 bedrooms and a flex room that could serve as an office, craft room, or whatever your needs might require. Upon entry you’ll find a built-in mud bench and a generous size family room anchored by a lovely brick fireplace and loads of natural light. Also, take note of the beautiful vinyl plank flooring that is throughout the home along with ceramic tile in the wet areas. Open to the family room is a dining area that can accommodate your family meals and gatherings. The updated cooks delight kitchen features a marble look countertop, stainless appliances, gas range, pantry, and a large center island with storage. The primary bedroom with ensuite bath can easily accommodate a king bed and also features 2 closets. The bath was updated with a dual sink furniture style vanity, framed mirrors, walk-in frameless shower with subway tile, and beautiful tongue and groove walls. The secondary bath was also updated with a furniture style vanity and on trend designer tiles. Spend the day relaxing or entertaining in the huge backyard which features a 37x50’ partially covered concrete pad. There are endless possibilities which could even include a small sports court. The rear 2 car garage also features a storage area that can accommodate bikes and misc. items. Foundation repaired in December 2023. What a great place to call home!
Source: NTREIS #20889796
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20889796
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.