105 Charles St Desoto, TX 75115
Your savings
About this home
Welcome to a unique INVESTOR OPPORTUNITY in a highly desirable neighborhood of DeSoto. This spacious four-bedroom, two-and-a-half-bathroom home offers over 2,300 square feet of living space and captures the charm of its mid-century modern architecture with thoughtful features designed for comfort and functionality. Step inside to discover vaulted ceilings in both the main living area and the primary suite, enhancing the scale and openness of the space. The main living room features an open, modern staircase and flows seamlessly into an elegant solarium that brings in abundant natural light. The primary suite is conveniently located on the main floor and includes a generous walk-in closet and an en-suite bath. Ideal for entertaining and outdoor enjoyment, the backyard includes a covered patio, private courtyard, and a pool complete with a diving board. A gazebo offers an inviting place to relax poolside, while mature landscaping adds beauty and privacy. The property also features extra parking with a covered carport, and a storage shed with electricity for added convenience. Located just a short distance from everyday amenities, you'll find shopping, dining, and groceries all nearby, including ALDI just down the road. Nature lovers and active lifestyles will appreciate the close proximity to Ernie Roberts Park. Whether you're looking to restore and personalize or invest in a spacious property with strong character and potential, this home presents a rare canvas in a great setting. Schedule a tour today and imagine the possibilities.
Source: NTREIS #21088553
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.