50 Harbor Cove Dr, Spring, TX 77381
4 beds · 5 baths · 4,114 sqft
Spectacular waterfront custom home centrally located in Panther Creek! Close to restaurants, shops, Whole Foods in Hughes Landing, as well as Northshore Park & Market Street! This remodeled contemporary home features a white lime washed exterior, brand new roof, new large format Italian tile flooring, engineered wood floors, 2 new AC units & all new double pane windows that showcase views of Lake Woodlands throughout! The remodeled island kitchen has new Viking appliances, gas range with pot filler, walk-in pantry and quartz counters opens to the breakfast room and den w/a convenient bar & wine chiller. Study with French doors, built-in desk and wood paneling; both formals; owner's retreat down offers a stunning remodeled bath, huge walk-in closet w/a 5ft fire resistant safe; 3 bedrooms & game room up w/balcony. Two car garage + 2 car porte-cochere. The backyard is perfect for entertaining with a covered patio, amazing outdoor kitchen, sparkling pool, new boat dock & sprinkler system.
Source: HAR #40893310
Interest rate and monthly payment estimated based on public records.
Source: HAR #40893310
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #40893310
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.