989 Foxhall Dr, Rockwall, TX 75087
4 beds · 4 baths · 3,749 sqft
2.5% Assumable Mortgage. Fully loaded with custom finishes and fixtures where the owner has invested over $100,000+ in upgrades in tile, counters, fixtures, built-ins, additional storage and cabinets, outdoor fireplace and HOT TUB that conveys. Stunning open-concept modern home with abundant natural light. Upon stepping into the home, you'll notice the decorative lighting fixtures, vaulted ceilings and upgraded windows create and elevated presence. Oversized open concept living and dining space features granite countertops and a large island perfect for entertaining, extended buffet counter space in kitchen and additional cabinets give a custom upraded feel, and provided additional storage. Living room features a stunning stone fireplace hearth that warmly welcomes and centers the room. The first floor features a spacious master suite and guest suite, and an office with custom shelves. The master suite boasts a double vanity, a garden tub, a walk-in shower, a massive oversized closet, built in wall safe, and custom cabinetry for additional storage. Upstairs media and game room built in storage and dry bar are perfect for relaxing and entertaining. Split floorpan design offers two secondary bedrooms, each with en-suite bath upstairs and a built in desk between the two rooms. Outdoor living space with covered patio, fireplace, hot tub, beautifully stained privacy fence, and lush grass and landscaped yard. The laundry room is designed for maximum organization with custom built in cabinets and table top for folding clothes. Conveniently located mudroom and storage closet off of the 2 car garage. The addition 3rd garage is ideal for boat, golf cart, or 3 vehicle. Breezy Hill is a beautiful master-planned neighborhood, offering green spaces, walking paths, parks, a community pool, top-rated Rockwall ISD. Don’t miss this opportunity—this home has it all!
Source: NTREIS #20727019
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20727019
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: #20727019
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.