3546 County Road 2526 Royse City, TX 75189
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About this home
A custom-built country retreat awaits you with this 5+ acre home in south Hunt County. The expansive 4 bedroom and 3.5 bath home stands out in the market with its massive living area, complete with vaulted ceilings and floor to ceiling windows overlooking the covered outdoor living area and acreage. Enjoy the woodburning fireplace in both the indoor and outdoor living areas. The open concept floor plan is highlighted by the gourmet kitchen that features loads of granite topped counters and cabinetry with a center island and breakfast bar. The dining area is handy and becomes a part of the open living concept. The primary suite is set apart from the other sleep areas, and offers an ensuite bath with double vanities, tub and separate shower. The walk-in closet is oversized for convenience. The other 3 bedrooms are large and share two baths, and the office area could be an additional bedroom if desired. Beautiful wood floors are enhanced with a 20' Austin Stone fireplace and the 26'x25' covered patio features knotty pine ceiling. The garage is an auto enthusiast's dream with room for a work area, too. So many features in this family-friendly home, and there is land for your horses as well. The seller is a Court appointed Receiver. Please see Private Remarks for Receiver information. A home of this size, quality and location will attract a lot of interest. Don't be late!
Source: NTREIS #21107937
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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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