2300 Wincrest Dr, Rockwall, TX 75032
4 beds · 4 baths · 4,051 sqft
Where do I begin? Let’s start with the 4.75% fixed ASSUMABLE loan, yes 4.75% FIXED & ASSUMABLE! With Approx 15% down & no loan origination fee you could lock in this magnificient property, it's truly indescribable, but I'll try. First there's the 4000+SF 1 STORY, which is pretty rare by itself, but then there's the 3100 SF attached Garage-Shop (10+CAR) & THEN (on top of that) A Guest Apt or MIL Suite with sep entrance. Plus a Pool, Outdoor Living, Open Spacious Design, Oversized everything, TWO UTILITY's, ETC ETC...This home is INCREDIBLE & the SHOP-GARAGE is INSANE (Indoor Sports accomodates Basketball, PickleBall, VolleyBall, Car Enthusiasist, RV & Boat Storage & much more). The Primary BR is separate from the others & the Guest Apt boast a kitchenette & private bath. The second living room in Guest suite could be a game or media room. This home is MOVE IN READY. The sellers have thought of just about everything...the attention to detail & quality is next level! Just come relax & enjoy. Here's just a small list of other features this property offers: 2+Acre's, 4 EV Charging Stations (RV too), RV Clean-out, Bib&Blown wall Insulation, foam encapsulation roof insulation, Class 4 Roof Shingle (impact resistant) Energy Star Qualified HVAC Equip, 500 Gallon Propane, JellyFish Exterior Lighting, Water Softener, Speakers thru-out, Xtra wide Doors & halls, roll-in showers, Tornado Safe Rm, TWO Laundry Rms (one in primary closet),Gar-Shop 16' walls & 23' Vaulted Ceiling, 3 Commercial Door (14x16 Front, 14x12 Front both with lift masters & a 14x12 Back door), 1100+SF of outdoor covered patio, automatic exterior porch screens, Saltwater Play Pool with Baskedball Hoops. (AquaPure Salt Sys), App controlled from phone, plus much more. Office Space can Easily Convert to a 5th Bedroom. The flexibility of this property is endless & it sits back off of the road for more privacy and separation from neighbors. One you have to see & experience.
Source: NTREIS #20888679
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: NTREIS #20888679
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.