3554 Bennett Trails Dr Spring, TX 77386
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About this home
Be in your beautiful home in time for the holidays, Thanksgiving is less than 2 months away, this home offers space for a large group. There are no rear neighbors and never will be, it is a pie shaped lot with the yard behind the house, and with the large covered patio there is lots of room for the kids to play and you to sit and relax. Inside the kitchen has a large island and plenty of cabinet space. There is a breakfast large breakfast room in addition to a large dining room making entertaining friends and family easy. The primary bedroom is downstairs with a large ensuite bath and walk in closet. The primary bedroom, the family room and the covered back porch have surround sound. Upstairs you will find three spacious bedrooms, with a shared bath. In addition there is a large game room and a large media room. The windows were tinted to keep the sun from fading the furniture and rugs by the original owners. A new roof was put on last year. The owner is taking the refrigerator
Source: HAR #97130323
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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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