2441 Deerwood Dr, Little Elm, TX 75068
4 beds · 3 baths · 2,985 sqft
Welcome home to this beautifully UPDATED 4-bedroom, 3-bathroom gem, nestled in a sought-after neighborhood with top-rated schools! Boasting a spacious 2.5-car garage and an expansive yard, this home is perfect for anyone looking for extra space to spread out. Step inside to find brand-new carpet and gorgeous hardwood throughout, adding a fresh and cozy feel to the interior. The versatile floor plan features a bonus room, a dedicated office, and a media room, offering endless possibilities for work, play, and relaxation. Whether you're hosting movie nights or need a quiet space to work from home, this home has you covered! The heart of the home is the open-concept kitchen and living area, ideal for gatherings and everyday living. The kitchen is designed for both style and function, complete with modern appliances, ample storage, and a layout that flows seamlessly into the dining and living spaces. Retreat to the generously sized primary suite, which includes a private en-suite bathroom and plenty of closet space. Three additional bedrooms provide comfortable accommodations for family or guests, while the three well-appointed bathrooms ensure convenience for all. Outside, enjoy the large backyard with plenty of space for sports, pets, and outdoor entertaining. The charming pergola creates the perfect setting for relaxing evenings or weekend barbecues, offering shade and ambiance for your outdoor lifestyle. Located in a friendly community with excellent schools, parks, and local amenities, this home truly has it all! Don’t miss your chance to own this fantastic property—schedule your showing today! Come fast, this one won't last!
Source: NTREIS #20854122
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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 #20854122
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.