1191 Bonham Pkwy Lantana, TX 76226
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About this home
Skip today's higher interest rates and take over this 4.625% rate with an assumable VA loan! This stunning single-family home beautifully combines contemporary updates with classic charm, featuring 4 spacious bedrooms and 3.5 bathrooms designed to offer both comfort and style. As you step inside, you'll be greeted by a refreshed ambiance with newly repainted interiors in a soft, neutral palette, creating a welcoming and versatile space. The heart of the home, the kitchen, shines with freshly painted cabinets, presenting a modern and updated look that aligns beautifully with the home's overall aesthetic. This home is designed to accommodate all your needs, offering a dedicated home office with built in cabinetry, an upstairs media room with surround sound and overhead projector, and a loft that provides additional space for relaxation or play. Enjoy the serene backyard with covered patio, weeping willow, and beautiful trees. With plenty of room for everyone, this residence caters to both lifestyle and functionality. Nestled in the vibrant community of Lantana, residents enjoy access to an array of amenities, including multiple pools, pickleball courts, and playgrounds for endless outdoor fun. Golf enthusiasts will appreciate the nearby golf course, and there are plenty of other recreational activities to explore within the community. Contact us today for a private showing and ask us about the assumable loan details!
Source: NTREIS #21034457
Loan details
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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.