19610 Palomino Prairie Trl Tomball, TX 77377
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About this home
This nearly new gorgeous Perry home features 4 bedrooms, 3 baths, game room, and study, all in a single story, conveniently located close to multiple Amira amenities, including the new splashpad. The open concept kitchen and living area include high-end finishes like quartz counters, ample storage on both sides of the island and dining room buffet, specialty cabinets, gas cooktop, pendant lighting, wood look tile floors, a gaslog fireplace, and abundant natural light. The primary suite offers a tranquil retreat with its own wall of windows and a luxurious ensuite bath with spa-like tub, double sinks, separate shower, and two walk-in closets. French doors on both sides of the hall lead to private office and game room. A front bedroom includes an ensuite bath, and two more bedrooms share a third bath. The backyard oasis includes an extended covered patio with gas stub, and mature trees that provide extra privacy with no back neighbors. A water softener and security system are included.
Source: HAR #83018189
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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.