1900 Crestlake Dr Rockwall, TX 75087
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About this home
Seller is offering 10k in seller concessions for rate buy down or closing cost. This beautiful home is located in coveted Rockwall ISD and steps away from Lake Ray Hubbard. This 2-story home features an open floorplan with primary on first floor and three additional bedrooms on second floor. Upon entering you are greeted by a beautiful formal dining area that flows into living room with corner FP. The living area is light and bright and the heart of the home. The eat in kitchen is a great space for moring coffee, looking into your private oasis. The kitchen features granite countertops and SS appliances. The first floor primary bedroom includes walk in closet, ensuite bath with garden tub, shower, and second primary closet. Upstairs you will find 3 more oversized guest bedrooms, a full bath, and large gameroom-second living area, perfect for gathering. The backyard includes beautiful pool with waterfalls, pergola, and beautiful landscacping. This home is a golfers dream with private golf course located within the community. Golf membership is required. The included amentities in community are jogging trails, play areas, pond, club house, tennis courts, gym, and commuinty pool. Schedule your showing today!!!
Source: NTREIS #21040757
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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.
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