3570 Vancouver Dr, Dallas, TX 75229
3 beds · 2 baths · 2,480 sqft
Welcome to 3570 Vancouver Dr. a stunning single family home in Royal Hills that is full of charm and centrally located to a variety of conveniences. Walking distance to the Northaven Trail, Royal Park playground, a private neighborhood swimming pool, DeGolyer elementary, and a short drive to both major airports and a variety of shopping and dining outlets. This 3 bedroom plus bonus room, 2 bath & 2 gracious sized living & dining areas home is beautifully updated and features an inviting open-concept design where a remodeled kitchen with center island, dining area, and living space seamlessly connect, creating a warm and inviting space for hosting or everyday living. A stylish gas fireplace serves as a cozy focal point, adding charm and character. A spacious second living room offers stunning views of the backyard with a wall of floor to ceiling French windows overlooking the shady backyard which features a beautiful wood fence and a pergola covered brick patio designed by Roberts Landscaping. The primary bedroom includes a walk-in closet & ensuite bath. One of the additional bedrooms opens to a flexible bonus room that is ideal for a home office, exercise studio, or creative retreat and boasts two walls of beautiful floor to ceiling French windows to compliment those also found in the living room. With its blend of modern updates and functional living space, this home is a perfect balance of style and versatility! The large backyard offers endless possibilities for gardening, relaxation, and enjoying the Texas sunshine. Recent updates by the Seller include: Anderson windows on the front and side of the home, updated interior and exterior paint, PVC plumbing throughout home, AC, refinished wood floors, renovated fireplace and remodeled kitchen, and custom closets in both the kitchen and primary bedroom.
Source: NTREIS #20880825
Source: NTREIS #20880825
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.