3520 Mustang Grape Ln, Joshua, TX 76058
3 beds · 2 baths · 1,400 sqft sqft
Enjoy sitting on the front porch of your country home and enjoying the 1.033 acre (per tax) lot that has trees and beautiful landscaping. The home features a light and bright kitchen and breakfast nook. You will find the kitchen spacious with neutral colors, a separate pantry, an island, wood colored cabinets, formica counter tops, vinyl flooring, white electric appliances, and window over the sink. Take the side door out to the covered patio and above ground pool, it's sure to provide many hours of fun. The living and kitchen are open to each other which will make entertaining easy. The primary suite has an ensuite bath with separate shower, dual vanities, and a garden tub. Enjoy the outbuilding as either an office, hobby room, or game room. The following improvements have been made to the property: March 20 carpet and vinyl was replaced, ducking was replaced July 21, skirting and vents Sept. 23, pool liner replaced April 23, porch deck and back steps October 23, pool steps and carpet in outbuilding July 24, Hot water heater Oct. 24, Comfort master heating and air Sept. 24. Very clean and well maintained home!
Source: NTREIS #20776176
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20776176
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: #20776176
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.