1616 Downing Dr Aubrey, TX 76227
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About this home
Cape Cod resort-style living in a wonderful family friendly community can be yours! This beautifully designed Bloomfield one-story home offers an open-concept floor plan with 4 spacious bedrooms and 2 full bathrooms. Step inside and fall in love with the oversized primary suite, complete with a cozy sitting area drenched in natural light, a luxurious ensuite bath featuring a garden tub, separate shower, dual sinks, and an large walk-in closet. Connected to the oversized living room in the heart of the home is the chef-inspired kitchen, showcasing a striking wood vent hood, gas cooktop, built-in oven, quartz countertops, breakfast bar, dishwasher, disposal, and an eat-in dining area with a buffet service bar — perfect for hosting family dinners or entertaining guests. The current large, formal dining room offers incredible flexibility — easily convert it into a game room, media room, additional bedroom with ensuite bathroom, or keep it as-is for an elegant dining space. Enjoy your morning coffee or evening BBQs on the covered back patio, overlooking a leveled, private backyard ideal for family fun or relaxing with friends. The front of the home faces an open green space with a charming gazebo, offering added privacy and a picturesque view. Community Amenities are Second to None! Resort-style swimming pool with grotto, water slides, Adults-only pool, sand play area and pool party rooms. Inside the grand clubhouse is a library, office space, kitchen, movie theater, multi-level fitness center, and sauna. Outdoor activities include fishing, paddle boats, sand volleyball, covered basketball, sports courts, tennis & more. Year-round classes, and amazing community-wide events as well as an on-site elementary school. Just minutes from the brand new Costco & HEB, premier shopping & dining, PGA Headquarters as well as the Omni PGA Resort and entertainment district. This home and community offer the perfect blend of luxury, convenience, and endless recreational opportunities!
Source: NTREIS #21059779
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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.