1323 Morado St Graham, TX 76450
Your savings
About this home
Stunning and Spacious 4 bedroom, 2.5 bath home on an oversized city lot in Graham! Large bedrooms plus an additional flex room that could be utilized as a playroom, nursery or home office. Updates and remodeling items within the past few years include roofing, flooring, plumbing, electrical, water heater, granite counters in kitchen and baths, subway tile backsplash in kitchen and more. Super-functional open concept kitchen with a granite island-peninsula featuring breakfast bar seating for four, under-mount stainless steel sink, built-in dishwasher, smooth surface electric range, built-in microwave, pantry closet and the refrigerator can convey to the Buyer. Split bedroom arrangement featuring a HUGE primary bedroom with wood burning stove, carpet, lighted ceiling fan, two walk-in closets, vanity with dual sinks, gorgeous tile shower and toilet. Secondary bedrooms offer carpet, lighted ceiling fans and ample closet space. Guest bath includes a tub-shower combo with tiled surround, vanity with sink and toilet. Half bath offers a vanity with sink and toilet. Separate utility room with full size washer and dryer connections. LOVELY living room with a custom built wall showcasing a flat-screen TV mount along with an electric, remote controlled fireplace with multiple color changing capabilities! Two central heat & air units. Two gas water heaters. TREMENDOUS oversized private backyard with recently installed wood-privacy fence, double gate with alley access, huge concrete pad for large gatherings or children's play area, nice covered patio, storage building and mature shade trees. Swing-set and other children's outdoor play equipment can convey to the Buyer, if requested. Concrete driveway with ample parking space for family & friends. So many amenities and located within close proximity of Walmart, restaurants, multiple retail outlets and churches! Just a short drive to Possum Kingdom Lake! Some photos are virtually staged. Price reduced! $275,000.
Source: NTREIS #20971903
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.