5038 Galahad Ct, Missouri City, TX 77459
3 beds · 3 baths · 2,549 sqft
BRING YOUR BUYERS! This Highly Sought After Sienna Avalon Beauty in A Secured GATED Community has it all! Gorgeous 3 yr old Well Kept Open concept floor plan home has rooms that has BARELY been used! Boasting High Ceilings & Natural Lighting thru-out, formal living flows seamlessly into an Amazingly designed Kitchen, featuring GE CAFE Appliances, Soft closing cabinets/drawers, beautiful granite countertops, 42in Cabinets, LG Island w/Hot water spigot, & more! Luxury Vinyl Plank Floors, 10FT Sliding Patio Door w/Custom Motorized blinds. 1ST Floor Bedrm W/Ensuite is perfect for parents or guests. Grand 2nd floor opens to GM room & Media room, incl/a Luxurious 2nd Floor Primary that has it ALL-Grandiose oversize shower, LG walk-in closet, & BONUS room for storage, Xtra closet, office, or how you choose. LG 3rd bdrm completes this perfect floorplan. Sienna has it all, lakes, jog/walking trails, & much more! A few minutes to Ft Bend Toll, Hwy 6, & 15 min to Med center. Make your Appts NOW!
Source: HAR #27034901
Financials
Source: Public records
Source: HAR #27034901
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.