6639 Northchester Dr, Katy, TX 77493
3 beds · 3 baths · 3,228 sqft
Beautiful home is like new & hardly lived in! NO FLOOD ZONE! Built 2019 means your mechanicals & roof are recent! Floorplan is open with primary bed down & formal dining room that makes perfect home office. Large kitchen has oversized island with sink. Pull up stools for informal meals. Stainless applcs/gas cooking. Open plan has kitchen open to family room w/ high ceilings & large windows. Fridge stays! Great natural lighting & space! Primary bedroom down with plenty of space for large furniture. Ensuite bath has double sinks & separate tub/shower. HUGE walk in closet! Upstairs gameroom is great for play things or that big screen TV. And there's access to a large Texas basement from here. Tons of storage space! Secondary bedrooms upstairs are generously sized with nice closets. Back covered patio is extended so you'll have extra space & grassy backyard. NEW middle & high schools opened in 2024. See FEMA page shows home in X zone, NO FLOOD ZONE, please do due diligence. NEVER flooded.
Source: HAR #36792352
Interest rate and monthly payment estimated based on public records.
Source: HAR #36792352
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 30-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: #36792352
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.