3611 Temple Dr, Manvel, TX 77578
4 beds · 3 baths · 2,581 sqft sqft
Pearland gem with a SWIMMING POOL(NEW POOL PUMP/2022), NEW ROOF(2023) in the sought after community of SilverLake and zoned to highly acclaimed Pearland ISD (buyer to verify eligibility). This 4 bedroom, 3 bath with a bonus room has an inviting covered front porch with a swing and great curb appeal. A beautiful ALL BRICK home with engineered wood flooring, a separate dining room breakfast area with updates in kitchen with stainless appliances and UPDATED BATHS. Soaring ceilings and a cozy fireplace with large windows and transom windows in living room provide great natural lighting. Primary bedroom overlooks pool area and home has ALL BEDROOMS DOWNSTAIRS, no carpet downstairs, and a spacious BONUS ROOM UPSTAIRS with beautiful ceilings, a bath with UPDATED shower that could be a 5th bedroom, gameroom, home study or gym. Easy access to Downtown Houston, the Medical Center, Rice University and Sam Houston Tollway. *All info per seller
Source: HAR #67243319
Interest rate and monthly payment estimated based on public records.
Source: HAR #67243319
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: #67243319
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.