2539 Blazing Star Dr Brookshire, TX 77423
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About this home
Welcome to Blazing Star! This single-family ready to move in home boasts an open floor plan with high ceilings, large windows, and a beautifully landscaped yard on an oversized corner lot. The kitchen features granite counters, a large enough island to prepare all your delicious meals, plenty of cabinets, along with a gas burning stove. This residence offers 3 Bed Rooms, 2 Bath Rooms and a nice sized Office with French Doors. The Primary bedroom offers 2 separate big walk-in closets and an en-suite bathroom. Enjoy the covered patio while BBQing on summer days. Showcasing perfect curb appeal, a water sprinkler system to keep your grass green will be what you call the perfect home. Located in Jordan Ranch, offering many amenities like pools, tennis courts, trails, farmers market, and a full size gym. Don't miss out on this gem! Contact me today for an exclusive showing. Inquire about our ASSUMABLE LOAN AT 3.25% INTEREST RATE!
Source: HAR #66748689
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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.