6281 Florence Dr, Midlothian, TX 76065
4 beds · 4 baths · 2,995 sqft
**$5k Concession in 2025** Welcome to your dream home! Nestled on over an acre of beautifully landscaped and fully-fenced property, this custom-built home boasts numerous upgrades that blend style and functionality. As you step inside, rich wood floors grace the entryway, office, and living room, setting the tone for the home's warm and inviting ambiance. The thoughtfully designed layout offers three generously sized secondary bedrooms, one of which is an ensuite. The open, thoughtful layout features three spacious secondary bedrooms, including a private ensuite, offering comfort and privacy for family or guests. The chef’s kitchen is a showstopper, boasting luxurious quartz countertops, high-end appliances, double ovens, and stunning ceiling-height cabinetry—perfect for entertaining or preparing meals. The home also features a three-car garage, dual air conditioning units for optimal comfort, and a utility room equipped with generous cabinetry for all your storage needs. Porcelain tile enhances the beauty of the common areas, while tray ceilings in the primary bedroom add a touch of luxury. Step outside to discover the expansive back patio, an ideal space for outdoor gatherings and enjoying serene views of the landscaped yard. This home isn’t just a place to live—it’s a place to love. Make it yours today!
Source: NTREIS #20738423
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20738423
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: #20738423
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.