404 Mossbrook Dr Richardson, TX 75081
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About this home
Updated Price – Don't Miss Out! Bundled service pricing available for buyers - connect with the listing agent for details. Don’t miss this beautifully updated 4-bedroom, 3-bath home full of charm and character in the heart of Richardson. Fantastic curb appeal welcomes you to a thoughtfully designed interior filled with warm, inviting spaces. The spacious living room, anchored by a stunning fireplace, opens to a formal dining area—perfect for gathering with family and friends. The chef-inspired kitchen offers built-in appliances, a stylish tile backsplash, abundant cabinetry, and a breakfast bar for casual meals, while the light-filled breakfast nook is the perfect spot to start your day. The tranquil primary suite is a relaxing retreat, complete with a private ensuite bath, dual sinks, and a large walk-in closet. A first-floor bedroom with an adjacent full bath offers a great guest suite option. Upstairs features spacious secondary bedrooms, a full bath, and a versatile fourth bedroom that can easily be an office, playroom, or den. Step outside to your own private backyard oasis, complete with a covered patio ideal for outdoor dining and entertaining. A mature, fruit-producing fig tree adds beauty and function. Recent updates include new high-efficiency windows (2023), new first-floor HVAC (2024), new electrical breaker (2023), and new living room flooring (2024). Refrigerator, washer, and dryer negotiable. Prime location close to parks, shopping, and dining. Voluntary HOA. 3D Tour online.
Source: NTREIS #20991281
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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.