1044 Manacor Ln Dallas, TX 75212
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About this home
3.50% ASSUMABLE LOAN available! Welcome to your stylish city retreat! This stunning single-family home offers 2 spacious bedrooms, 3 bathrooms, and a large versatile loft — perfect for a home office, guest space, home gym, or creative studio. The spacious loft has it's own walk-in closet, making it a great option for a 3rd bedroom. Located in the vibrant heart of Trinity Groves, this home places you just minutes from downtown Dallas, the Bishop Arts District, the Design District, and all the city’s cultural hot spots. The medical district is within a 10 min. commute making it a perfect location for doctors, nurses, and med. students. It's an easy 5 min. drive to find world-class museums, live concerts, award-winning restaurants and a Dallas Mavericks game at the American Airlines Center. it’s all right at your doorstep, and all within a close-knit, welcoming community that feels like home. Enjoy an open-concept layout filled with natural light, sleek finishes, and the perfect blend of modern design and cozy living. This beautiful home features soaring vaulted ceilings and expansive windows that flood the main living area with natural light, creating an airy, open atmosphere that feels even more spacious. This supportive and friendly community also offers a beautiful private park located in the interior of the community, perfect for walking your furry friend or a relaxing stroll. And, escape the Texas summer heat in the refreshing resort-style pool! Whether you're entertaining guests or just unwinding after a night out in the city, this home fits your lifestyle like a glove. Refrigerator, washer and dryer convey with the property! Some photos are virtually staged. Take advantage of a VA ASSUMABLE LOAN at just 3.5% — a rare opportunity for qualified buyers in today's market!
Source: NTREIS #21000350
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Close stress-free in 45 days, handled start to finish by Roam.
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.