3406 Woodcrest Dr, Baytown, TX 77521
3 beds · 2 baths · 2,107 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this charming, well-maintained 3-bedroom, 2-bathroom home located in the peaceful and secluded community of Ridgewood. This rare home offers the perfect blend of comfort and style, with plenty of space for both relaxation and entertaining. The home features two large living areas, ideal for gatherings and family time, along with a cozy fireplace that adds coziness. The kitchen is equipped with a spacious island, perfect for meal prep or casual dining, and opens up to the dining area for easy flow and convenience. Enjoy a spacious, landscaped backyard that is perfect for entertaining or simply relaxing in your private outdoor space. The property sits on approximately 1/3 acre, offering plenty of room for outdoor activities and gardening. Additional features include a covered patio, a free-standing deck, and a storage building for extra convenience. Best of all, there’s NO HOA, providing you with the freedom and flexibility to truly make this property your own.
Source: HAR #6272620
Source: HAR #6272620
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.