347 Meredith Dr, Rockwall, TX 75087
4 beds · 3 baths · 3,073 sqft
Honey, stop the car. Seller is offering $10,000 in seller concessions for your rate buy-down too! The best priced 3,000+ sqft home in all of Fate! Welcome to this beautiful 4-bedroom, 2.5-bath home in the highly desirable Woodcreek community, where charm and modern convenience merge! Work & Relax in Style The dedicated office boasts stunning custom wood shelves and floors, creating the perfect setting for productivity and focus. When it’s time to unwind, cozy up by the elegant stone fireplace or host unforgettable game days in the expansive living room that’s perfect for entertaining. A Kitchen That Inspires The heart of the home shines with quartzite countertops that add a touch of sophistication and freshness. Whether it’s a quick family breakfast or a holiday feast, this kitchen is ready for every occasion and big game! Entertainment Galore Upstairs, you’ll find a spacious game room and a private movie room ready to become your personal theater for family nights or watching the big game, or getting a new high score on that Super Hot VR game! Move-In Ready Perfection Freshly painted and fully recarpeted, this home is move-in ready and waiting for you to make it your own, and is getting a NEW ROOF! Unmatched Location & Community Amenities Situated steps from highly-rated RCISD schools, scenic parks, and Woodcreek’s fantastic amenities, including a resort-style pool, fishing pond, and Robert Smith Family Park with pickleball, disc golf, and more—there’s something for everyone! Plus, you're just 45 minutes from DFW International Airport and moments from the fine dining and entertainment of Fate, Rockwall, and Royse City. Start Your Next Chapter Here! This home is more than a house; it’s a lifestyle. A truly remarkable master-planned community, schools within walking distance, super fun community pool, trails, parks, fishing and fields!
Source: NTREIS #20888990
Financials
Source: Public records
Source: NTREIS #20888990
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.