417 Brook Meadow Dr Midlothian, TX 76065
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About this home
Welcome to this beautiful home in Lawson Farms settled in the heart of the award winning Midlothian ISD. This stone and brick home has great curb appeal and was built with many upgrades and meticulously maintained.This spacious home features a grand entry with crown molding, wood flooring through most with a large office in the front of the home. The kitchen boasts ample cabinet space, SS appliances with a double oven, built-in microwave, walk-in pantry, an island and a breakfast bar. The counter tops are an exquisite leathered granite paired with a glass tile backsplash. The coffee bar has more cabinet space and a built-in mini fridge for convenience. The family room has a gorgeous floor to ceiling stone wood burning fireplace as a focal point with lots of windows for the natural light. The primary bedroom is spacious and has a nice sitting area. Master bath offers separate vanities with granite countertops, Jacuzzi tub, separate glass door shower and a walk-in closet. The covered back patio is perfect to enjoy a quiet cup of coffee in the mornings or to wine down in the evenings. The two and a half car garage has an awesome non-slip epoxy flooring and ample space for tools or work bench. Need help with closing cost or a mortgage rate buy down? Sellers are willing to entertain all offers to include seller concessions. Come see today!
Source: NTREIS #21061070
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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.