605 Cedarwood St, Aubrey, TX 76227
3 beds · 2 baths · sqft
Entering this beautiful home, you will be welcomed by a lovely foyer with 10-foot ceilings leading you past the spacious study and into the heart of the home. Featuring luxury vinyl plank flooring throughout the main areas of the home including primary bedroom. The large kitchen overlooks both the dining and family room and features an oversized island with skylight above to brighten the kitchen area! The gourmet kitchen also features gorgeous white cabinets with gold accent pulls and faucet, a light-colored quartz counter top, elegant tile back splash and stainless-steel appliances. The family room windows allow for a truly open concept home that allows you to see from the kitchen through to the backyard. This home is unlike any other design in the community with an additional room which can be used for media room, game room or second study. The backyard has a nice covered Patio with tile flooring where you can enjoy your evenings. Multiple upgrades which are listed below are added to the home in the last couple years which enhances the value of the property : Accent wall in office and living rooms, Epoxy floor and shoe storage in garage, Water softner and RO system, Chandeliers in kitchen and living rooms, tiles in the backyard patio, extra storage in backyard. The house comes with the Refrigerator, Washer and Dryer.
Source: NTREIS #20781035
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20781035
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: #20781035
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.