908 Watson Way, Crowley, TX 76036
4 beds · 2 baths · 1,817 sqft
AFFORDABILITY AND COMFORT AT A FANTASTIC PRICE!!! You can find 4 Bedrooms & 2 Bathrooms in a lot of places, but, not like this! Also, has an office that can be converted to a 5th bedroom! This Crowley neighborhood is great - Close to groceries, good places to dine, and easy access to the I-35 Artery. Just 15 Minutes away from HEB! Fresh Paint, Newly maintained Roof after the Spring Winds, and even Fruit Trees (Peaches) all just doors away from an isolated cul-de-sac make this a desirable place to start owning your own home! Even better is the fact you'll have a brand new fence (the new stain makes the yard look great!), Solar Power to help keep your Electricity stay in budget, and a Water Softening System; all of these make for better living in this quiet neighborhood. It includes a Large Kitchen that opens up into a Spacious Living Area all making for a great family interaction at any time! After those long days at work, take some time to unwind and soak up some serenity at the end of the day on your covered back patio while the kids get a pick up game of basketball in that cul-de-sac. Did we mention the community pool, clubhouse, volleyball, playground??? Neighborhood has access to walking trail that leads to Bicentennial Park and if you are into 4 wheeling or dirt biking there are plenty of hidden trails in the woods! This is fantastic for getting to know your neighbors on those Saturday Afternoons. All of this is priced just right considering all you get - so come take a look quick for yourself...this could be the one!
Source: NTREIS #20879286
Financials
Source: Public records
Source: NTREIS #20879286
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.