2601 Sabine Cir, Royse City, TX 75189
4 beds · 3 baths · 2,898 sqft
This stunning two-story brick home is located in the desirable Stone River Golf Club, nestled on Sabine Circle within a tranquil neighborhood characterized by friendly neighbors. Boasting a generous 2,898 square feet, this residence features 4 spacious bedrooms and 3 bathrooms, complemented by a 2 car garage with a freshly stained garage door. In addition, there are 3 versatile flex spaces that can adapt to your lifestyle needs, one downstairs and two upstairs. As you step inside, you'll be greeted by an inviting atmosphere enhanced by architectural details such as arched doorways and rounded wall corners, adding to the home's charm. The interior boasts a harmonious blend of carpeting and ceramic tile throughout, leading you to a magnificent staircase adorned with wrought iron balusters. The primary bedroom, along with another bedroom, is conveniently situated on the main floor with the primary bathroom offering a luxurious retreat with double vanities, a relaxing garden tub, and a separate shower, alongside a generously sized walk-in closet. The expansive kitchen is a chef's dream, featuring ample storage, exquisite cherry wood cabinets, and modern stainless steel appliances, making it perfect for both cooking and entertaining. Upstairs, you'll find an open flex space that serves as a perfect lounge or play area, with spacious bedrooms branching off from this central hub. One of these rooms is currently being used as a bedroom but can easily be converted into an official bedroom by adding a closet. This is an incredible opportunity to own a beautiful home in Stone River at an attractive price, making it a sought-after listing that is sure to sell quickly. Don’t miss your chance to make this exquisite property your own!
Source: NTREIS #20853982
Financials
Source: Public records
Source: NTREIS #20853982
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.