1 of 40
$432,000

8918 Stallings Dr, Aubrey, TX 76227

3 beds · 3 baths · 2,717 sqft sqft

RARE opportunity! 2.25% FHA Assumable Loan at an amazing Price. Welcome to this spectacular two-story Cape Cod Style home in the coveted Harbor Village at Providence! Experience the charm of the crafts man style architecture of Providence Village community and this beautiful home. Boasting great curb appeal with a quaint front porch with a park and a little library adjacent to the property that sets the tone for comfortable living. Providing over 2,700 Sq. Ft of a beautiful floor plan, this 3-bedroom, 2.5-bath property offers an ideal blend of style & functionality. Recent updates includes replacement of all the floors to a wood like vinyl planks in the whole house & new appliances. Kitchen, breakfast & Powder Room features exquisite Polished floor tile. A chef's dream completely remodeled kitchen features an expansive quartz Island & breakfast bar, 42” cabinets, ample counter space & storage with walk-in-pantry. Study with French doors downstairs is a perfect size. Upstairs find a spacious game room & an oversized primary suite plus large sitting area, spa-like bath with dual vanities, shower & garden tub. Overlooking the park on the corner is a balcony with private access to Primary. Generous secondary bedrooms provide plenty of space for everyone. Outside, enjoy the covered patio with stunning views of horses grazing across the road and a park which is fenced for security. Backyard is nice sized with a covered patio and Landscaped to perfection with sprinkler system. Security system in place with 5 security cameras seller owned and will be conveyed. Providence Village offers a wealth of amenities including a club house, tennis court, bike trails and a catch-and-release fishing pond providing endless entertainment options for residents. Its a great bustling community. Zoned to AUBERY ISD which is ranked as one of the emerging great ISD's in the area. Snap this one up quickly! Schedule your showing today!

Interest rate
3.05%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment
$1,156
With Roam
$1,742
Reduce your monthly payments by $586 when you assume this mortgage.
You also save $185,907 in total interest paid.

$180,484
Edit

You may be able to put down less than the total down payment amount of $180,484 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Lot size
0.1580 acres
Year built
2017
Type
Single Family Residence

Source: NTREIS #20756087

Loan
Remaining term
26 years, 5 months
Rate
3.05%
Monthly P&I
$1,156
Remaining loan balance
$251,515

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 21, 2024 12:24 pm
Listing agent: Hanayya Shah (469) 604-1661
Listing provided courtesy of: Ebby Halliday, Realtors (972) 562-3969
Details provided by NTREIS and may not match the public record.
MLS ID: #20756087
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,156/mo
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