391 Gavins Way, Joshua, TX 76058
3 beds · 2 baths · 1,420 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming home located in the heart of Joshua, TX. This beautifully designed residence welcomes you with an open concept layout that seamlessly connects the living, dining, and kitchen areas, creating an inviting and spacious environment perfect for modern living and entertaining. The living area is enhanced by an electric fireplace, adding warmth and ambiance, making it the perfect spot to relax with family or entertain guests. The kitchen offers a functional layout with plenty of counter space, cabinetry for storage, and modern appliances that cater to all your culinary needs. The open flow between the kitchen and dining area ensures that preparing meals and gathering with others is both convenient and enjoyable. Each of the three bedrooms is generously sized and features its own walk-in closet, providing ample storage and personal space for every member of the household. The master suite offers a private oasis with an ensuite bathroom, creating a comfortable and serene retreat at the end of the day. The additional bedrooms are versatile, perfect for accommodating guests, creating a home office, or setting up a playroom. Step outside to the covered back porch, an ideal setting for outdoor entertaining, BBQs, or simply relaxing with a cup of coffee. A storage shed is included with the property, offering convenient extra storage for tools, equipment, or seasonal items. This home is perfectly situated in a prime location, just minutes from HEB, Alley Cats, Home Depot, and other shopping centers and restaurants, ensuring all your daily needs and entertainment desires are within easy reach. For those who love the outdoors, a nearby park provides a beautiful setting for walking, picnics, or family fun. Located in the highly rated Joshua Independent School District, this home is an excellent choice for families seeking quality education options. The community is known for its friendly atmosphere and welcoming neighbors, making it a great place to call home.
Source: NTREIS #20851743
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20851743
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.