2439 Russell St, Crandall, TX 75114
3 beds · 2 baths · 1,510 sqft
Welcome to your dream home nestled in the heart of Crandall, Texas! This 3-bedroom, 2-bathroom residence is a perfect blend of modern elegance and comfortable living. As you step inside, you'll be greeted by a small foyer that leads to an open living room, dining room, and kitchen area. The kitchen features granite countertops, stainless steel appliances, build in microwave, dual sinks, and a separate pantry. From the kitchen, you have direct access to the large backyard with privacy fence. The primary bedroom, located just off the living room, is a true retreat. It features a long countertop with a single sink, a large walk-in closet, glass doored shower, separate toilet, and an additional area with shelves for linens. The two additional bedrooms are situated off the kitchen, providing ample space for family and guests, and share a separate full bathroom. The guest bathroom has a bathtub and shower combo. For added convenience, the home includes a separate laundry room located by the garage, ensuring easy access and storage space above the washer and dryer. Located in Wildcat Ranch HOA, residents have access to a community pool, dog park, work out gym, playground, lots of green space and trails for walking, biking, and hiking.
Source: NTREIS #20850521
Financials
Source: NTREIS #20850521
Source: Public records
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%. 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.
Other resourcesWhat 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.