260 Dale Ridge Ln, Dickinson, TX 77539
3 beds · 2 baths · 1,826 sqft sqft
Welcome to your new home in the desirable Bay View subdivision! This charming 3-bedroom, 2-bathroom home (Chesmar Homes Lanai plan) also features a flex room, perfect as a 4th bedroom, home office, or playroom to suit your needs. One of the standout features of this property is the solar panels that help reduce electricity costs and increase energy efficiency. Solar panels provide long-term savings, reduce your carbon footprint, and offer peace of mind by protecting you from rising utility rates. Additionally, the roof was replaced in July 2024! Inside, you’ll find an inviting open-concept layout, where the kitchen flows seamlessly into the family room. The kitchen boasts a large island with breakfast bar, perfect for casual dining or entertaining guests. Whether you're hosting family gatherings or enjoying a quiet night in, this home is designed for comfort and convenience. Don't miss out on this energy-efficient, versatile, and stylish home! Seller's loan is assumable at 2.625%!
Source: HAR #25628530
Interest rate and monthly payment estimated based on public records.
Source: HAR #25628530
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: #25628530
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.