3119 Southwood Dr, Lewisville, TX 75077
4 beds · 3 baths · 3,073 sqft sqft
Welcome to your dream home! This beautifully maintained property is located in the heart of Highland Village, combining modern amenities with cozy charm, perfect for living and entertaining. It features 4 bedrooms, 3 full baths, and an office, catering to every homeowner's needs. The open-concept layout includes a bright, airy living room with large windows that flood the space with natural light, showcasing tasteful finishes. The updated kitchen boasts stainless steel Bosch appliances, granite countertops, and ample cabinet space. A breakfast nook and bar offer casual dining options, while the adjacent dining area is perfect for formal meals. The spacious primary bedroom includes a tranquil retreat with a sitting area and a stunning walk-in dressing room with custom shelving and ample storage. The en-suite bathroom features a soaking tub, dual vanities, and a separate shower. There is a bedroom and full bathroom downstairs for guests or residents who prefer a first-floor bedroom. The home has plenty of storage, including a Harry Potter closet under the stairs. The laundry room is oversized and includes a closet. The laundry room is also plumbed for a utility sink. Step outside to the expansive wooden deck, perfect for outdoor entertaining, al fresco dining, weekend barbecues, or simply unwinding with a good book. The beautifully landscaped yard adds to the charm. The 3-car garage includes a Gladiator garage system and an outlet for a Tesla charger. The neighborhood offers parks, a pool, pickleball courts, and a community center. Recent updates include new complete HVAC systems, fence, garage door, garage door opener with smart camera, and more.
Source: NTREIS #20754598
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20754598
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #20754598
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.