1610 Rainbow Dr Richardson, TX 75081
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About this home
THIS ONE WON’T LAST! Imagine sipping your morning coffee as natural light floods through expansive picture windows, hosting unforgettable gatherings around your custom wet bar, and escaping to your own private backyard oasis after a long day. This isn't just a house—it's the lifestyle you've been dreaming of in Richardson's most coveted University Estates neighborhood. From the moment you arrive, the beautifully landscaped front yard sets the tone with gorgeous curb appeal. Step through the door and be greeted by soaring vaulted ceilings with exposed wood beams, an open-concept layout designed for modern living, and brand-new luxury vinyl floors that flow seamlessly throughout this sun-drenched sanctuary. Your completely remodeled kitchen features NEW cabinet paint, gleaming granite countertops, gas stove for the serious cook, and recessed lighting that sets the perfect ambiance and open shelving. NEW paint in the living, dining room, and hallway. Cool off in your sparkling inground pool while the FREE, fully-paid-off $30K solar panel system keeps your energy bills ridiculously low. All of this is wrapped in an 8-foot board on board fence for total privacy. The oversized primary suite is pure luxury and direct patio access for your morning coffee ritual. Two walk-in closets fit for royalty. Two additional spacious bedrooms provide perfect spaces for family, guests, or that home office you've been planning. The versatile bonus room adapts to however you live, whether you need an extra bedroom, homework station, home library, game room, or creative studio. This meticulously maintained home comes with upgrades that mean years of worry-free living. The brand NEW completely upgraded water heater, NEW energy-efficient insulation, modern light fixtures, ceiling fans in every room, and soft-close cabinets and drawers all combine to give you total peace of mind. And the best part, There's NO HOA, so your home truly is your castle. .
Source: NTREIS #21078066
Neighborhood
45-day close guarantee
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.