2011 Huntington Ln Richmond, TX 77406
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About this home
Set on over 1 acre of wooded lot, this traditional two-story residence offers 3,414 sq/ft of living space with 5 bedrooms, 3 full baths, a billiard room, game room, and attached/detached garages. A welcoming front porch opens into bright interiors with high ceilings, beautiful floors, and three sided fireplaces anchoring the main living spaces. The kitchen features marble counters, gas cooktop, built-in oven, and an oversized island that flows to the breakfast nook and family room. The downstairs primary suite includes a spa-like bath with dual sinks, soaking tub, and shower. Upstairs, a spacious game room and secondary bedrooms provide versatility for family or guests. Outdoors, enjoy a covered patio, fully fenced yard, sprinkler system, and mature trees offering privacy. The detached garage apartment quarters have a living area and kitchen. Located in Huntington Oaks, this property combines acreage living with easy access to major highways, shopping, and top Lamar schools.
Source: HAR #67127800
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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.