404 Fountain View Ln Josephine, TX 75173
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About this home
$10,000 in concessions for buyers with our preferred lender for buy down starting at 3.375% or flex cash for FHA buyers. There is an assumable mortgage at 4.12%.. Discover your dream home with this exquisite 4 BDR 2.5 BTH residence designed for modern living. The open floor plan creates a seamless flow between rooms, perfect for entertaining and everyday life. Upon entry you'll notice the attention to detail showcased by the custom upgrades throughout. The elegant office features beautiful custom cabinets providing functionality and style. The living area is enhanced by a striking fireplace with a custom paneled wall that extends to the ceiling creating a warm focal point for gatherings. Retreat to the luxurious primary suite boasting a completely remodeled master bathroom. Indulge in the spacious Hollywood bathtub and stylish tiled shower designed for ultimate relaxation. The kitchen features stunning upgraded granite countertops that blend elegance with practicality. The first floor main area showcases durable wood-look tile in a stylish herringbone pattern unifying the space with a contemporary and cohesive aesthetic. The master bedroom features warm vinyl plank flooring that adds a touch of that hotel room feel we all desire. Upstairs there are three bedrooms, one that showcases an adorable custom wallpaper wall that is any girls dream and a imported fringe chandelier. And a spacious game room. Step outside to the covered concrete stamped patio ideal for cookouts and family fun along with the half court basketball court equipped with a collegiate level backboard that has LED lighting for evening games as well. Additionally there is a 10x12 shed that offers ample space for outdoor equipment and has electricity for added convenience. Exterior features jellyfish lighting on the first and second stories under the eves to provide light in the evening. Home is also equipped with a generator transfer switch and plug that allows power if the electricity goes out.
Source: NTREIS #20999110
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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.