364 Preakness Place Rd, Van Alstyne, TX 75495
4 beds · 3 baths · sqft
Discover the perfect blend of luxury, comfort, and functionality in this stunning custom-built brick home in highly sought-after Steeplechase Estates. Set on a picturesque one-acre lot, this home offers four spacious bedrooms, three full baths, and two versatile living areas, creating the ideal space for both entertaining and everyday living. The open floor plan is enhanced by soaring ceilings and an abundance of natural light, while the updated kitchen features granite countertops, painted white cabinetry, and ample storage, making it the heart of the home. The primary suite is a true retreat, boasting an oversized bedroom, spa-like ensuite with dual vanities, a jetted soaking tub, and a separate shower. The additional bedrooms are generously sized and thoughtfully positioned for privacy. The formal dining room just off the entry provides flexibility, easily serving as a home office for today’s modern lifestyle. Step outside to a backyard oasis designed for relaxation and entertaining. The large covered porch extends your living space outdoors, leading to a sparkling pool and spa, perfect for unwinding or hosting guests. The fully fenced yard provides privacy, while a mature shade tree adds to the charm of this expansive outdoor space. A dedicated pool bath with patio access ensures effortless indoor-outdoor living. A spacious laundry room with ample cabinetry and counter space makes daily routines easy and efficient. With plenty of parking and room to roam, this home is as functional as it is beautiful. Meticulously maintained and move-in ready, this home boasts a new roof and gutters installed in April 2022. Located in the award-winning VAISD school district, this is a rare opportunity to own a property that offers luxury, space, and an unbeatable location. OPEN HOUSE Saturday & Sunday 1-3pm
Source: NTREIS #20840575
Financials
Source: NTREIS #20840575
Source: Public records
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%. 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.
Other resourcesWhat 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.