510 S Waterview Dr, Richardson, TX 75080
4 beds · 3 baths · 2,498 sqft
SELLER IS OFFERING A $10K CREDIT TO BUYER! Welcome to this beautifully renovated home, where modern upgrades meet the charm of a quiet, established neighborhood with mature trees. A newly poured driveway leads through a private gate to a spacious parking pad, offering plenty of space for a new carport and a convenient back door entrance. Inside, this home has been completely updated with a new foundation and plumbing, ensuring peace of mind for years to come. Fresh paint and new flooring flow throughout the entire home, complemented by newer cabinets, countertops, and more. This charming home is perfect for entertaining, with abundant natural light pouring in, highlighting the wood flooring downstairs. The living room, dining room, and kitchen seamlessly connect to create the ideal space for family gatherings. The large family room, complete with a stunning stone fireplace, offers even more room to entertain and relax. The eat-in kitchen features white cabinets, stainless steel appliances, decorative lighting, and a lighted walk-in pantry. The buffet-style countertop adds convenience and style, perfect for serving meals during family get-togethers. Upstairs, the owner’s retreat offers a private sanctuary with barn doors that lead to a spacious walk-in closet and a spa-like ensuite bath. Unwind in the stand-alone tub or separate walk-in shower, and enjoy the dual sinks for added convenience. Three additional secondary bedrooms, each with walk-in closets, share a full hall bath. The large backyard is an outdoor oasis with mature shade trees, offering plenty of room to roam and play. The extended patio area provides an excellent space for outdoor entertaining, while a privacy gate leads to the parking pad, ideal for boat or RV parking, or even creating a basketball court. This home offers the perfect blend of modern living with the tranquility of a mature, well-established neighborhood.
Source: NTREIS #20641675
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20641675
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: #20641675
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.