1315 Rancho Dr Mesquite, TX 75149
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About this home
Nestled in an established neighborhood with majestic mature trees, this beautifully maintained home offers quick and easy access to 635, putting the entire DFW Metroplex within easy reach. Excellent curb appeal welcomes you with fresh exterior paint that accents the recently replaced roof (2022). The interior, however, is even more impressive. Step inside to discover an exceptionally updated, truly move-in-ready home where no detail has been overlooked. Major upgrades include a fully replaced HVAC system (2024), all windows throughout replaced in the last two years, fresh interior paint and trim, and engineered hardwood flooring (2017) across most of the home. All outlets, switches, fixtures, and even the double back doors with built-in blinds have been replaced for additional peace of mind. Both bathrooms have been thoughtfully remodeled—guest bath in 2021 and primary in 2023—featuring quartz-topped vanities, decorative mosaic tile flooring, stylish tile work, and shiplap accents. The updated kitchen charms with butcher block countertops, refinished cabinetry, newer appliances, and a Samsung refrigerator that will even convey to the next property owners. A spacious walk-in pantry with custom shelving provides exceptional storage. Additional highlights include fresh insulation (2024), a Nest thermostat, and custom closet shelving throughout. Out back, enjoy a large covered patio overlooking a generous backyard—ideal for entertaining—with a 12x10 storage shed already in place for added storage options. Homes like this don’t come around often- come see it today before it’s gone!
Source: NTREIS #21111397
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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.