364 Preakness Place Rd Van Alstyne, TX 75495
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About this home
Tucked into the serene countryside of Van Alstyne, this exceptional residence blends custom elegance with modern comfort. Get ready to experience refined living in the sought after Steeplechase Estates community. As you step through the homes’s welcoming entryway you will be met with a light-filled living space where soaring ceilings and wide-plank floors create an airy, sophisticated feel. The chef’s kitchen is a true centerpiece, offering gleaming granite counters, designer lighting, and custom cabinetry that make both everyday meals and special gatherings unforgettable. The primary suite is a private retreat with a reclaimed wood accent wall and a spa-inspired ensuite, while the secondary bedrooms provide style and comfort for family or guests. Outside, a covered patio overlooks a lush backyard — the perfect backdrop for sunset dinners or quiet morning coffee. Every detail has been thoughtfully curated, from the open-concept layout to the custom finishes, creating a home that’s as inviting as it is impressive. Enjoy a freshly painted interior throughout and exterior trim, new backsplash in the kitchen, and fresh mulch - all done with you in mind. With its prime location near top-rated schools, charming downtown Van Alstyne, and easy access to the Metroplex, this property offers both the tranquility of country living and the convenience of city connections - ready for you to move in and make it your own.
Source: NTREIS #21026217
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Close stress-free in 45 days, handled start to finish by Roam.
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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.