2327 Riata Park Ct, Katy, TX 77494
4 beds · 3 baths · 3,561 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Step into this grand 2-story home featuring a massive backyard, ready for you to create your dream oasis! As you enter, you're greeted by an extended elevated-ceiling foyer and a stunning elegant curved staircase. Just off the foyer, you'll find French doors leading to a home office and a formal dining room that flows seamlessly into the spacious kitchen with a large island, with breakfast bar seating and open views into the living room with soaring ceilings and a bright breakfast room filled with natural light from the many windows. The luxurious owner's suite is tucked away on the main floor. Upstairs, you'll find three guest bedrooms, each with its own attached bath (including one en suite), a cozy office nook, and a huge game room. Step outside to the expansive backyard, ideal for entertaining, complete with a large covered patio. The 4.5-car garage includes a drive-through feature with roll-up doors for easy backyard access. Don’t miss your chance—schedule your tour today!
Source: HAR #55988144
Source: HAR #55988144
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.