5109 Mountain View Dr, Krum, TX 76249
3 beds · 2 baths · 1,604 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your dream home! This beautifully designed 3-bedroom, 2-full-bath residence boasts a thoughtful split layout, perfect for both privacy and functionality. The two generously sized secondary bedrooms flank the first full bathroom, which features a stylish tiled shower combo and elegant rich dark wood cabinets, making it ideal for family and guests.At the heart of the home, the expansive living room and kitchen create a seamless flow, perfect for entertaining. Sunlight pours in through large windows that line both the living and dining areas, providing picturesque views of your spacious backyard. In the kitchen, you'll find an abundance of rich dark wood cabinetry, ample counter space for cooking and hosting, and a full-size dining area that invites gatherings.Retreat to the primary suite, tucked away for ultimate tranquility. This spacious sanctuary includes a luxurious walk-in tiled shower, a relaxing soaking tub, dual sinks, and large walk-in closets, ensuring you have everything you need for comfort and convenience.Upgraded wood-like floors flow throughout the hallways, bedrooms, and living areas, while tile in the bathrooms and kitchen makes cleaning a breeze. Step outside to discover a generous backyard that features a covered patio and a charming flagstone sitting area, ideal for your firepit—perfect for evenings of relaxation under the stars.Don't miss the opportunity to make this stunning home yours, where comfort, style, and functionality come together beautifully!
Source: NTREIS #20909516
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20909516
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 and Equal Opportunity Act.