502 Bryn Mawr Ln, Van Alstyne, TX 75495
4 beds · 4 baths · 2,727 sqft
This stunning two-story brick home in Georgetown Heights, Van Alstyne, TX, offers exceptional living space and modern updates. The primary bedroom and office are conveniently located on the main floor, featuring beautiful laminate flooring throughout. The primary suite boasts a luxurious bath and a spacious walk-in closet. Upstairs, you'll find three additional bedrooms plus a versatile bonus room, perfect for a playroom, media space, or home gym. The inviting living area features a cozy fireplace, while the kitchen includes a built-in breakfast table, and the refrigerator will stay with the home. The laundry room is thoughtfully designed with built-in cabinets and a countertop for added storage and functionality. Recent upgrades include a brand-new 30-year roof (2024). The home also features a full-yard sprinkler system and a fenced backyard. Outdoor enthusiasts will love the built-in outdoor kitchen, complete with a grill, ample granite countertop space, and a mini outdoor fridge—perfect for entertaining. Located within walking distance to the elementary school, this home provides easy access to top-rated schools and community amenities, including a pool—making it an excellent choice for families seeking both comfort and convenience. Please DO NOT call-text secondary co-listing agent.
Source: NTREIS #20856255
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20856255
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.