816 Silver Creek Dr, Desoto, TX 75115
3 beds · 3 baths · 2,625 sqft sqft
This one-owner home in the Silver Creek Meadow Addition is a beautifully landscaped gem. Boasting an array of custom upgrades, the home features 3 spacious bedrooms, 2.5 baths, and a private office with closet that could double as a 4th bedroom. The inviting family room with a fireplace leads to a chef's dream kitchen, complete with a large eat-at island, stainless appliances, abundant cabinet space, and granite countertops and a cozy breakfast nook. The private primary suite with a jetted tub, separate shower, and dual vanities add to the home's luxurious appeal. Hardwood floors, custom drapes, framed bathroom mirrors, and decorative lighting create a neutral, yet elegant palette, allowing you to easily make this home your own. The private backyard oasis is a true standout, featuring a tiered arrangement with a 12x18 outdoor living and kitchen area. This space boasts a brick wood-burning fireplace, perfect for chilly fall evenings, a built-in propane grill and fridge, and a pergola cover - an ideal destination for entertaining. A short stroll down the full sidewalk leads to a Manhattan Diamond Thermospa and a 25-ft deck with remote-controlled lighting, providing a second outdoor living area. Additional upgrades include new gutters, a new roof, top-tier drainage, a Premier Rainsoft system, an indoor filtered water system, solar panels, and a privacy solar screen with remote access. This move-in ready home is the perfect forever home!
Source: NTREIS #20760141
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20760141
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: #20760141
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.