932 N Woods St, Sherman, TX 75092
3 beds · 2 baths · 1,526 sqft
Welcome to 932 N Woods St, Sherman, Texas—a beautifully remodeled two-story farmhouse that seamlessly blends classic charm with modern amenities. This 3-bedroom, 2-bathroom home, boasting 1,526 square feet of living space, underwent comprehensive renovation in 2019, ensuring a move-in-ready experience for its new owners. Key Features: Gourmet Kitchen: The heart of the home features a gourmet kitchen equipped with modern appliances, ample cabinetry, and a functional layout, perfect for both everyday cooking and entertaining.• First-Floor Primary Suite: Enjoy the convenience of a spacious first-floor master suite, complete with a spa-like bathroom designed for relaxation.• Additional Bedrooms: The second story houses two generously sized bedrooms and an additional bathroom, providing comfort and privacy for family members or guests.• Modern Updates: Significant updates include new plumbing, electrical systems, and HVAC within the last two years, ensuring peace of mind and energy efficiency.• Recent Roofing: A new roof was installed in July 2021, adding to the home’s durability and aesthetic appeal.• Flooring: Hardwood floors run throughout the home, adding warmth and timeless elegance to each room.• Outdoor Space: The property features a covered patio-porch, perfect for enjoying morning coffee or evening gatherings, and a spacious backyard with lush greenery. Location: Situated in the desirable western part of Sherman, this home offers proximity to local amenities, schools, and parks, making it an ideal choice for those seeking both convenience and a sense of community. This meticulously maintained farmhouse is a rare find, offering a harmonious blend of historic character and contemporary comforts. Don’t miss the opportunity to make 932 N Woods St your new home. Schedule a showing today and experience the charm and sophistication this property has to offer.
Source: NTREIS #20874526
Financials
Source: Public records
Source: NTREIS #20874526
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.