1200 Wheatear Dr Little Elm, TX 75068
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About this home
This property already has locked in an interest rate of 3.625% 30 yr fixed for a well qualified buyer, when using our approved lender on this specific loan program. Inquire immediately for details.*****Welcome to the charming community of Paloma Creek South in Little Elm, Texas, where 1200 Wheatear Drive awaits you. This delightful single-family home is nestled in a vibrant neighborhood known for its friendly atmosphere and convenient amenities. Step inside to discover a spacious and inviting interior, featuring modern finishes and an open-concept layout perfect for both entertaining and everyday living. The kitchen is a chef's dream, equipped with sleek countertops, ample cabinetry, and stainless steel appliances. Laundry room for full size washer and dryer. The living area is bathed in natural light, creating a warm and welcoming ambiance. The property boasts multiple bedrooms, providing plenty of space for family and guests. The master suite is a true retreat, complete with a luxurious en-suite bathroom and generous closet space. Outside, the backyard offers a private oasis, ideal for relaxing or hosting gatherings and the walking trails are behind the property that has a gate access. Covered patio, gutters, sprinkler system, hot water heater is gas. Access attic with flooring, insulated garage door . Paloma Creek South is a sought-after community with access to fantastic amenities, including pools, parks, and walking trails. Nearby, you'll find a variety of dining and shopping options, such as the popular Little Elm Towne Crossing and the scenic Lewisville Lake. Experience the perfect blend of comfort and convenience at 1200 Wheatear Drive, where your dream home awaits in the heart of Little Elm. Walking trails behind the backyard fence and has a private gate going out to the walking trails. ****Come find out about the list and lock program.
Source: NTREIS #21038465
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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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