2277 Sheppards Ln, Waxahachie, TX 75167
4 beds · 2 baths · 1,831 sqft
4 BEDROOM, 2 BATHROOM, BRICK HOME WITH OVERSIZED 2 CAR GARAGE ON INTERIOR LOT WITH NO ONE BEHIND YOU WITH EASY ACCESS TO I35. This house is just over 3 years old and is better than new because all of the small builder issues that come with a new house have been resolved, plus you still have the builder’s structural warranty. Built by History Maker Homes, you get a nice white brick with dark trim and accent wood design on the front. Inside you have Luxury Vinyl Flooring throughout and Carpet in a few of the Bedrooms along with Ceiling Fans and Walk-in Closets in 3 of the rooms. The Front Room can also be used as an office or Media Room and can easily have solid doors installed. Kitchen and Living area is open and spacious with Granite countertops, Island, 42 inch Dark Wood Cabinets, Stainless Steel Appliances including Gas Range, Dishwasher, Microwave, and Refrigerator. Perfect entertainment space with Living Room and Dining area overlooking the backyard and Covered Patio. Solar Screens on the back help out as well and the original screens are available still. Fenced Backyard with currently no one behind you, Garage has extra storage space, home has Home Pro Alarm, and more. Home is equipped with a Solar Panel System that can be transferred to the new owner with the takeover of low payments. Ask Listing Agent for information regarding the simple process of the transfer and the benefits of solar. Current FHA Loan is also assumable. Video and 3D Tour are available online.
Source: NTREIS #20770854
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20770854
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
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.
MLS ID: #20770854
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.