8404 Henry St, Orange, TX 77630
3 beds · 2 baths · 1,826 sqft sqft
This Orangefield Beauty Is Nestled On A Private .499 Acre Lot With Gated Access!! This wonderful floor plan features an open concept living area featuring a beamed ceiling, tile floors, recessed lights and a fabulous electric fireplace. The kitchen boasts custom cabinets, granite countertops and large island for those that love to cook! The dining area will accommodate a large table and even has space for a buffet or hutch. The primary suite boasts on en-suite bath complete with a large whirlpool tub/shower and nice vanity area. The additional bedrooms are spacious with great closets and have easy access to a full bath offering a luxury whirlpool tub with body jets and tons of other features! Additional amenities include a beautiful pool with hot tub and covered wood deck for entertaining, detached two car garage with shop and a full guest suite upstairs with a living area, kitchen, bedroom areas and full bath. This home has it all, call today for your personal tour!!!
Source: HAR #32177092
Interest rate and monthly payment estimated based on public records.
Source: HAR #32177092
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #32177092