1321 Fairway Dr Graham, TX 76450
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About this home
Graham Gem: Growing Family, Smart Investment, or Easy Retirement Living! Secure your next property with this charming four bedroom, two bath brick home located in a desirable, friendly Graham neighborhood. This low-maintenance property is perfectly positioned for maximum convenience, providing quick access to medical services, dining, shopping, and schools—an ideal setup whether you're looking for a steady rental or a comfortable, accessible home. The home features durable and attractive surfaces, including low-upkeep engineered vinyl flooring in the living area and main bedrooms, and tile in the wet areas. The functional floor plan includes a living room with a vaulted ceiling and WBFP. The large 4th bedroom offers flexibility for a tenant or owner as an extra den or recreation room. The property is move-in ready with practical amenities like a covered back porch and a private fenced yard with alley access. The primary suite includes a dedicated walk-in closet and ensuite bath. Offered AS IS and priced to move, this property represents a fantastic value proposition. The motivated seller welcomes all reasonable offers, and the washer, dryer, and refrigerator will remain with an acceptable contract, simplifying the transaction and potential tenancy start. Don't miss this straightforward investment opportunity! The motivated seller will consider all reasonable offers and is looking for a quick close. Possible VA Assumable Loan for a qualified Veteran.
Source: NTREIS #21082809
Loan details
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45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
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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.