1811 Fairfax Ln Carrollton, TX 75006
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About this home
Discover the perfect blend of classic charm and outdoor splendor in this delightful 3-bedroom, 2-bathroom brick home, nestled in a peaceful and established Carrollton neighborhood. Built in 1962, this 1,296 sq ft residence offers a solid foundation and a functional layout, awaiting your creative vision to make it your own. Step inside to a welcoming interior, where a practical floor plan provides a comfortable space for daily living. A highlight of this home is the brand-new HVAC SYSTEM and WATER HEATER, a significant upgrade that ensures year-round comfort. The premier feature of this property is its extraordinary 0.25-acre corner lot. This expansive and private backyard is a rare find in the area, offering an incredible canvas for outdoor living. Imagine summer barbecues, children playing freely, or cultivating your dream garden in this sun-drenched oasis. As a unique bonus, enjoy the simple pleasure of harvesting sweet, juicy fruit from your very own mature peach and fig trees. This remarkable outdoor space provides a private sanctuary that truly sets this home apart. Located just a short drive from the historic charm of Old Downtown Carrollton, you'll have easy access to a vibrant community hub of unique shops, diverse restaurants, and lively local events. With convenient proximity to local parks and schools, this home is an ideal choice for anyone looking to settle into a friendly community with abundant space and unbeatable access to amenities. This is a unique opportunity to own a wonderful home with an impressive lot size. Don't miss your chance to create your future at 1811 Fairfax Lane.
Source: NTREIS #20948559
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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.