607 Cirrus Ln, Rockwall, TX 75087
6 beds · 4 baths · 4,244 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This exquisite 2-story home offers a perfect blend of luxury and practicality, designed to cater to every need with expansive spaces and high-end finishes throughout. As you enter, you're greeted by a grand staircase that sets the tone for the entire home, showcasing elegant craftsmanship and making a bold statement in the foyer. The main level includes a spacious office deal for working from home—providing a quiet retreat with custom built-ins and plenty of natural light. The movie room is designed for ultimate entertainment, offering a dedicated space with surround sound, comfortable seating, and a cozy ambiance for movie nights. The heart of the home is the grand kitchen which is a true chef’s paradise. It features premium appliances including a double oven, island, gas cooktop, and custom cabinetry, along with ample counter space for meal prep and entertaining. Upstairs you will find second living room that provides a comfortable, informal gathering spot for family and friends. Spacious bedrooms with plenty of closet space, including a luxurious master suite that offers a private retreat with a separate shower and double shower head, and dual vanities. Step outside to the extended oversized patio, which offers plenty of space for outdoor living and entertaining. The outdoor kitchen is a highlight, featuring built-in appliances and a cozy eating area that’s perfect for hosting summer BBQs or enjoying dinner under the stars. With its elegant design, functional layout, and high-end amenities, this home provides the perfect environment for both relaxed living and upscale entertaining.
Source: NTREIS #20800275
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20800275
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 of Equal Opportunity Act.