408 Gaddy St, Farmersville, TX 75442
4 beds · 2 baths · 2,917 sqft
If you’re dreaming of a home that beautifully marries the charm of country living with all the modern conveniences, your search ends here. Set in the Gaddy West Addition in the heart of Farmersville, this recently renovated and thoughtfully designed residence invites you to experience a life rich with warmth and connection. As you step inside, you are greeted by expansive living and dining areas that exude an inviting ambiance—perfect for hosting family gatherings or intimate dinners. Picture cozy evenings spent around the fireplace in the family room, creating those special moments that will be cherished for a lifetime. The spacious kitchen is a true chef’s delight, featuring beautiful granite and a charming eat-in breakfast nook that encourages leisurely morning meals or casual catch-ups with friends. It’s a space that echoes with laughter and the delightful aromas of home-cooked meals. Retreat to the tranquil primary suite, a serene oasis where you can unwind after a long day. The en-suite bathroom offers luxurious finishes and ample space, transforming your daily routine into a spa-like experience. The three additional bedrooms are perfect for children, guests, or creative pursuits, and a dedicated home office awaits your ideas, providing an inspiring setting for productivity. Step outside to discover your own slice of paradise. Whether you’re sipping your morning coffee while basking in the gentle glow of the sunrise or enjoying a quiet evening with a glass of wine, the backyard is a haven for outdoor relaxation. Watch your kids and pets play freely in the spacious yard, under the mesmerizing tapestry of vibrant Texas sunsets. For the adventurers and travelers, this property also features convenient RV parking right at home, eliminating the hassle of off-site storage. This is more than just a property; it’s a place where memories are made and cherished. Don’t let the chance slip away to make this enchanting home your forever retreat—your new chapter awaits!
Source: NTREIS #20861407
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20861407
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.