401 STONE CREEK RIDGE DR, Mcgregor, TX 76657
Welcome to 401 Stone Creek Ridge Drive, McGregor, Texas Step into elegance with this captivating 5-bedroom, 4.5-bathroom home nestled in the prestigious Stone Creek Ranch subdivision. Boasting a remarkable 2012 Showcase design, this residence presents an exceptional opportunity for buyers. Key Features include, Spacious interior, a Grand entryway leading to a sunlit family room with panoramic views of the patio and pool, Elegant wood-burning fireplace adorned in stone from floor to ceiling, wood floors and built-in surround sound system for immersive entertainment, Coffered and tray ceilings, and don't stop there. Chef's kitchen equipped with top-of-the-line appliances, including a gas cooktop, built-in oven, and microwave and dining space with two eating areas, perfect for hosting gatherings. In this split floor plan, the master suite features patio access, a spa-like bathroom with a walk through shower, soaking tub, and walk-in closet. See the tiles barrel ceiling with the sparking chandelier. Highlights include a 2 versatile office areas, a game room or additional bedroom space on the second floor, and a convenient laundry room with plenty of storage. 3 additional bedrooms on the first floor each with access to their own full bathroom. Escape to your own private sanctuary in a sparkling swimming pool with a cascading waterfall and a soothing hot tub. Enjoy dining on the patio or relax in the shaded area surrounded by lush. Covered RV parking provides ample space. The rear entry 3 car garage with additional flatwork for private parking, includes a large storage closet, and entry into the home with its first stop being a small mudroom area to drop your coats and bags. Ideally located in the esteemed Midway ISD, this residence offers access to top-rated schools and a thriving community. Situated on a landscaped corner lot, this home offers tranquility while still being close to amenities and major thoroughfares. This home epitomizes sophistication and comfort.
You may be able to put down less than the total down payment amount of $180,276 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #9004656