4805 Rosaline Dr, Belton, TX 76513
3 beds · 2 baths · 1,564 sqft
Seller may pay up to $10,000 of buyers' prepaids and closing costs with an acceptable offer and a 30-day closing!! Enter the front door of this exquisite 3 bedroom, 2 bath home, backing to an incredible open space, to find an open flowing floor plan featuring a fabulous gourmet kitchen with granite countertops, an over abundance of cabinets and countertop space, stainless steel appliances, built-in space saver microwave oven, refrigerator, stove/range/oven, walk-in pantry, and an eat-up breakfast bar and cozy breakfast nook all open to the oversized family room with high ceilings, ceiling fans and in wall wiring for your tv hookups. There are two additional bedrooms for guests and a second full bath. The main floor laundry has built-in shelving, and a clothes rack for hanging laundry and come with a washer and dryer. The rear yard is the perfect place to relax and unwind as you listen to the hoot and screech owls and other sounds of nature that live in the open space immediately behind this beautiful home. Solar panels, a whole house water softener, automated sprinkler system, newer roof, storage shed and new vinyl flooring name just a few added upgrades to this perfect home!
Source: CENTRALTEXAS #571773
Source: CENTRALTEXAS #571773
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%. 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.
Other resourcesWhat 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.