228 Parc Oaks Dr, Aledo, TX 76008
5 beds · 3 baths · 3,191 sqft sqft
This stunning property offers a perfect blend of comfort and style. Boasting 5 bedroom and 3 bath, this spacious abode provides ample room for living and entertaining. The home's 2.2ac lot offers a serene backdrop for outdoor activities and relaxation. Step inside to discover hand-scraped hardwood floors that add a touch of elegance throughout. The Primary bedroom is a true retreat, while two additional bedrooms feature a convenient Jack and Jill bathroom arrangement. A 4th bedroom is separate with a private bath, and 5th bedroom offers flexibility as a potential office or flex space, adapting to your needs. For movie enthusiasts, the media room provides an immersive entertainment experience. As the day winds down, gather around the fireplace on the back porch, where you can enjoy cool evenings under a Texas sky. Work in peace with a second office space complete with a separate entrance. The quality of build is evident in every corner, from the thoughtful layout to the fine finishes.
Source: NTREIS #20654236
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20654236
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: #20654236
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.