1028 Rosewood Dr Desoto, TX 75115
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About this home
WELCOME HOME! This beautifully-maintained brick traditional blends comfort, functionality, and timeless style. With three spacious living areas and two dining spaces, there’s room for both everyday living and effortless entertaining. Crown molding and a stunning bay window - complete with a custom-made electric blind - add a nice touch to the formal areas. The kitchen has been thoughtfully-updated with granite counter tops, a glass-tile back splash, recessed lighting, and ceramic tile flooring, and it features a 5-burner cook top, double oven, dishwasher, breakfast bar, and pantry. The cozy breakfast nook includes a built-in butler’s pantry and is ideal for casual meals or your morning coffee. A large den - warm and inviting - is accented by a cathedral ceiling and has wood-burning fireplace, with gas starter. Much of the flooring in this home has been upgraded with beautiful hardwoods. The spacious sun room - with a wall of windows overlooking a lushly-landscaped backyard - invites natural light and serenity. Step outside to the over-sized patio and enjoy the hot tub, ideal for entertaining or winding down after a long day. All bedrooms in this home feature walk-in closets. The primary suite includes a private en-suite bath and features French doors that open to the sun room. A separate utility room accommodates a full-sized washer and dryer and includes extra shelving for added storage. Additional features include a porcelain-tiled foyer, an updated hall bathroom, a two-car, rear-entry garage with a widened driveway for up to three vehicles, guttering, and a side-yard storage shed. All exterior windows have been replaced. The HVAC and water heater were replaced in 2020. This home is in an established neighborhood filled with many mature trees. Great location, with easy access to I-35, local dining, shopping, and schools.
Source: NTREIS #21082949
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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