4625 Goodnight Trl, Grand Prairie, TX 75052
3 beds · 2 baths · 1,870 sqft
***4.37% FHA ASSUMABLE LOAN!!*** Call agent for more info on how to get into this home at this LOW RATE!*** Charming single story home with sparkling in ground pool. This ranch style home has been upgraded to designer styles with comfort and convenience in mind. The amazing kitchen features a 10 foot long quartz topped island perfect for cooking and entertaining friends and family. All new cabinets installed in 2019, including a large glass front to show off your favorite pieces. Newer stainless steel appliances and designer lighting make this the favorite room in the house. Plenty of natural light from the sliding door and wall of windows overlooking backyard pool. Open concept with a great flow from the sunken family room with wood burning fireplace to the dining and kitchen area. Herringbone laid wood look tile is one of the many updates in this home. Sunroom nook brings in more light and is a great space for an exercise room, office or play room. Garage has been converted to an extra living space or man-cave but can be easily converted back, as overhead garage door is still in place. Rear entry driveway from alley through an electric gate provides access to the 2 car carport and backyard with large storage shed, dog run, pool and room for kids to play. New fence with electric gate, roof replaced in 2019, Electric panel replaced in 2019. Great location! Only 5 minutes to Lynn Creek Park and Joe Pool, close to restaurants, shopping and entertainment. Only 5 minutes to George Bush turnpike. *** Open House Saturday, February 9th from 2:00-4:00
Source: NTREIS #20827904
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: NTREIS #20827904
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.
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.
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.