4200 Mountain Meadow Rd, Crowley, TX 76036
3 beds · 2 baths · 1,770 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautifully maintained home with multiple builder upgrades and premium lot is turn-key ready! The spacious and open floor plan is flooded with natural light and features 10-ft ceilings, giving the sense of a home much larger than its square footage. You'll never run out of space in your oversized kitchen with 48-in cabinet upgrades, massive walk-in pantry, large utility room, and extra storage nook in the garage. The split floor plan separates the primary bed from the two large guest rooms, one with a walk-in closet and the other with flexibility for a guest bed AND home office solution in its 130 sf. Sold by the original owner, other builder upgrades include the soaking tub in the primary bath, granite counter tops, rounded drywall edges, elevated primary bed ceiling, covered back patio, kitchen island breakfast bar, brick and stone exterior elevation, and the rounded lot premium which offers extra space between the homes and depth to the back yard. Multiple green space areas and SH Crowley Elementary are within walking distance. Crowley ISD offers school choice for admission into multiple highly rated campuses! Crowley schools within 1 mile include Crowley High School, Crowley College Academy, Crowley and Race Elementary schools, and two nearby middle school options. Come see this beautiful home today!
Source: NTREIS #20880795
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20880795
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.