506 Woodbine Dr, Sherman, TX 75092
3 beds · 2 baths · 1,866 sqft sqft
Welcome to 506 Woodbine in Sherman, TX! This beautifully designed 3 bedroom, 2 bath, single level home offers the perfect blend of comfort and style. Stepping past the gorgeous landscaping and front door, you'll be greeted by beautiful natural light, tall ceilings, and hand-scraped wood floors that lead you through an inviting open floorplan. Three-car garage has space for workshop, cars and storage. The cheerful, spacious kitchen boasts granite countertops, a gas stove, built-in microwave, & large island, making it an ideal space for cooking together and enjoying conversations. The adjacent living area seamlessly flows to a large, covered patio, perfect for entertaining or enjoying quiet evenings by the firepit. Retreat to the luxurious master bedroom, featuring an ensuite bathroom with dual sinks, a relaxing garden tub, separate shower & walk-in closet. Spacious second and third bedrooms feature built-in cabinets and large closets. The split bedroom design offers privacy for everyone. This home provides ample storage space for all your needs. Additional highlights include plantation shutters, extra insulation in some interior walls for energy efficiency & sound insulation, and a versatile front office that can easily serve as a dining room or additional living area. Enjoy fantastic community amenities, including a sparkling pool, extensive sidewalks, an event center, and a workout room. This modern home combines convenience with luxury, making it the perfect place to call your own. Located close to Sherman Town Center with a multitude of shopping and dining choices, Texoma Medical Center, and Gateway Park. Approximately 30 minutes North of McKinney and one hour to Dallas. Don't miss the chance to make it yours!
Source: NTREIS #20756327
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20756327
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #20756327
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.