182 Douglas St Van Alstyne, TX 75495
Your savings
About this home
This charming 2-bedroom, 2-bath home sits on a beautifully landscaped lot with mature trees. The inviting curb appeal stands out immediately. Over the past several years, the home has been meticulously maintained and updated. Nine years ago, the current owner stripped the house to the studs, installed new insulation, all new windows, updated the wiring, leveled the foundation, and rebuilt the carport. The entire HVAC system was replaced in 2024. Both the deck and front porch have also been rebuilt. The spacious family room features a freestanding wood fireplace. Hardwood floors run throughout the living, dining, and kitchen areas. The floor plan includes a 13x13 flex room, currently used as a dining and play room. The primary bedroom measures 16x16 and features an ensuite bath. The second bedroom, 13x12, is across the hall from the second full bath, which offers a walk-in shower with grab bars. The washer and dryer are a stacked unit included with the home. The attached carport accommodates two cars. An additional powered building with a window unit provides extra versatility. The lot has french drains and a sump pump to keep any water from ponding in the yard. This home is centrally located in Van Alstyne, within walking distance of the vibrant downtown. Van Alstyne is a welcoming small town with numerous restaurants and shops, frequent festivals, free outdoor concerts in the social district amphitheater, and a weekly farmer’s market. Multiple city parks are located throughout town. Van Alstyne ISD is award-winning. The Nextdoor app rates Van Alstyne with an A for low crime and an A+ for housing prices. This darling home is a rare opportunity to buy a quality home for under $300,000.
Source: NTREIS #21080012
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.