3000 Comal Dr, Little Elm, TX 75068
4 beds · 3 baths · 2,260 sqft sqft
Don't miss out on this Highland Home beauty! This open floor plan has a modern feel with beautiful attention to detail. The entrance welcomes you with arched doorways and wood detailing and offers great sightlines into the large living area. Perfect for entertaining, the corner fireplace creates a great focal point, and the windows surrounding the space offer plenty of natural lighting. The chef's kitchen features beautiful stainless steel appliances and vent hood and plenty of cabinets for storage. The primary suite is oversized with tall windows and plenty of space for a king bed. The ensuite features double sinks and a separate shower and garden tub with walk-in closets. The remaining bedrooms are large and feature ceiling fans and angled ceilings for additional interest. The front office could also flex into an additional bedroom. Dont miss the large, grass backyard with newly. stained privacy fencing. Roof replaced with Class 3 rated shingles, and new gutters.
Source: NTREIS #20750958
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20750958
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: #20750958
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.