1908 Shearwater Pl Van Alstyne, TX 75495
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About this home
This beautiful move-in-ready home is located on a special lot in Georgetown Estates. Behind the home sits a large green space and creek with mature hardwoods, which creates a private backyard setting. The beautiful landscaping and covered front porch make you instantly feel at home. The inclusion of an extra-wide three-car driveway accommodates multiple vehicles. This versatile floor plan features three large bedrooms, of which two have custom-built walk-in closets. Hand scraped hardwood floors flow throughout the house. The extra living space located at the front of the house offers flexible options for either dining, office or additional living space. The primary bedroom is enhanced by its large custom closet, which provides built-in drawers and a full-length mirror. The ensuite bath, remodeled by the homeowners, includes a walk-in tilled shower with a bench, dual vanities and a linen closet. The kitchen is open to the large family room. The kitchen flows well with beautiful granite counters, glazed cabinets, a coffee bar, and a walk-in pantry. The large island with a breakfast bar is great for entertaining. The dining area sits between the kitchen and the family room. The family room has many large windows that have views of the mature trees surrounding this home. The automated blinds and the custom drapes are sophisticated and practical. The garage has an epoxy floor, custom built cabinets and a sink. This beautiful Stone Hollow home is located on a quiet street. In the sought-after Van Alstyne ISD, with an elementary school within walking distance. The HOA offers a large pool, playground, and walking trails. This super clean, sophisticated home is ready for the next owners.
Source: NTREIS #21087246
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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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