238 Virginia Ct Royse City, TX 75189
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About this home
ASSUMABLE VA LOAN AT 2.625 INTEREST RATE FOR ALL QUALIFIED BUYERS! Step into this immaculate 4-bedroom, 2-bath home located in the highly sought after Williamsburg subdivision in Fate. Schools zoned for top-rated Rockwall ISD. Conveniently situated just minutes from I-30 and shopping, this home combines modern comfort with daily convenience. Enjoy an open floor plan with luxury laminate vinyl flooring throughout the main living areas. The spacious kitchen is a chef's dream complete with an over-sized center island perfect for entertaining. The lovely primary suite offers a tranquil retreat with a custom wood accent wall, oversized walk-in closet and a barn door leading to the ensuite bath. The versatile fourth bedroom makes an ideal home office or guest room. Stepping outside to a private backyard oasis enclosed by a privacy fence you'll find a covered patio with a 23x11 extension along with a custom stone fire pit area. The oversized lot provides plenty of space to unwind or host guests. 12 month electric usage was $241 TOTAL due to solar panels. All this plus access to numerous community amenities makes this home a perfect blend combining modern design with everyday functionality. Don't miss your chance to make it yours at an ASSUMABLE 2.625 INTEREST RATE LOAN
Source: NTREIS #21017536
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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.