5032 Matilda St Apt 118 # 118, Dallas, TX 75206
2 beds · 2 baths · 1,055 sqft
Tucked away from the hustle and bustle of East Dallas, and yet still within walking distance to all that Greenville offers, this dreamy first floor condo is the one you have been waiting for! With sweeping views of the gorgeous courtyard from the new windows that were installed in 2024, this light and bright condo just feels like home. There are updates galore here! The kitchen is brand new with custom cabinetry, dark quartz counters, elongated subway tile backsplash and new stainless appliances including a refrigerator. All new vinyl plank floors have been installed and all the walls have been freshly painted in designer light gray. This condo boasts two huge bedrooms and ensuite bathrooms. One bathroom has been fully remodeled from top to bottom and the other has marble counters and vintage charm. There is a ton of storage here with multiple walk-in closets and a HUGE separate storage closet outside of the back door. A new HVAC system was installed in 2021. A private, covered, fenced patio is prime for gardening and enjoying a cup of coffee on those cool days. The Birchbrook pool is large and just a short walk away from #118. Community washer & dryer is right outside of the back door for ease. There are two convenient entry options- there is a gated front door with a secure code or rear keyed access from the parking lot. This one is a MUST SEE!
Source: NTREIS #20779407
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20779407
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: #20779407
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.