617 Presidio St, Aubrey, TX 76227
3 beds · 3 baths · 2,120 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Discover this beautifully designed 3 bedroom, 2.5 bathroom home, perfectly situated in a vibrant Aubrey community. Upon entering, you're greeted by an expansive open floor plan that seamlessly connects the living areas. The large kitchen is the heart of the home, appointed with ample counter space and a generous dining area, perfect for hosting dinner parties or casual family meals. The living room is enhanced by a cozy fireplace, creating an inviting ambiance for every season. The primary bedroom, conveniently located on the first floor offers a tranquil retreat with its placement at the rear of the home, ensuring peace and privacy. It features a spacious en-suite bathroom and a large walk-in closet providing abundant storage space. Upstairs, a substantial game room awaits, ideal for recreation or as a flexible space to suit your personal needs. Two additional bedroom's and a full bath complete the the upper level, offering comfort and convenience for residents and guests alike. The exterior of the home is equally impressive. a beautifully landscaped yard provides an elegant entrance, while the quiet backyard presents a serene escape with a covered back porch perfect for relaxation and outdoor dining. The epoxy finished 2 car garage not only ensures durability but adds a polished look to your workspace or storage area. Residents of this community enjoy access to a sparkling pool, offering the perfect spot for fun and relaxation during warmer months. This property truly embodies the best of both indoor and outdoor living, making it an excellent choice for hosting gatherings or indulging in quiet weekends at home.
Source: NTREIS #20912892
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20912892
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.