2914 Walnut View Ct, Houston, TX 77038
3 beds · 2 baths · 2,864 sqft
Spacious and move-in-ready 2-story situated in a peaceful cul-de-sac, gifts you 3 spacious bedrooms, 2.5 bathrooms, an office/study space, formal dining and a huge backyard that provides enough privacy and great for family living. Is there room for a pool and outdoor kitchen? You bet! Wait until you see the extremely large closet in the primary suite, offering a ridiculous amount of space for your wardrobe, shoes and suits. You're going to be pleased with the size of each secondary bedroom. Make sure to enjoy time with your family and friends in the upstairs game room. There have been some upgrades, here's a list: new laminate flooring, new paint, all new appliances, new ceiling fan in primary room, new sink in half bath, new entry light, in ground termite system installed, kitchen sink and disposal and new Solar Panels. This home would be great for anyone. Don't pass it up the opportunity to own it. HOME NEVER FLOODED and easy access to Hwy 249, I 45 and Beltway 8.
Source: HAR #49010590
Financials
Source: Public records
Source: HAR #49010590
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.