800 Monarch Ln, Celina, TX 75009
3 beds · 2 baths · 1,748 sqft sqft
Comfortable and inviting home nestled in the Bluewood subdivision minutes from the booming goodness of Celina, Frisco and Prosper! Close to restaurants, shopping, entertainment near PGA Golf Club. A move-in ready home with neutral paint, cinnamon walnut wood LVT flooring. Open-concept kitchen offers granite countertops, island with seating, herringbone tile backsplash, classic white cabinets, and walk-in pantry making this living space ready for entertaining. Calming primary suite with spacious walk-in closet just waiting to be filled. Fenced in backyard with covered patio quickly becomes a favorite morning coffee spot. Added features include Home Pro security app, low-E vinyl tilt-in sashes, cordless 2” blinds, epoxy garage floor, browning safe, freshly painted fence and roof checkup. Premium location across from O’Dell Elementary and to CCC Celina. Great investment property opportunity for investors. Full size SS fridge, washer and dryer available for purchase as non-realty items.
Source: NTREIS #20645774
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20645774
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: #20645774
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.