420 Rolling Oaks Rdg Cedar Hill, TX 75104
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About this home
Welcome to the Elegant Estate located at 420 Rolling Oaks Ridge, Cedar Hill! Captivating Residence boasts an Extensive Living Space of approximately 4,832 square feet, nestled on a Generous One Acre Corner Lot. Greeted w Circle Drive, Soaring Ceilings, Step Down to Parlor w Views of Sparkling Pool, Formal Dining Room...Continue to the Open Concept Living Area w Corner Fireplace onlooking Nook & Appealing Kitchen...Stone Accent Breakfast Bar, Granite Countertops, Island, Double Ovens & Walkin Pantry. Secluded Owners Suite offers a Cozy Ambiance w Double Sided Fireplace & Ensuite Bath w Separate Vanities, Separate Walkin Shower, Jetted Tub under the Double Sided Fireplace, His & Her Walkin Closets. Secondary Bedroom w Ensuite Bathroom Downstairs...Perfect for the Inlaws. This Home Offers a Plethora of Entertaining Space for an Occasion...Multiple Staircases to the Gameroom, Media Room w Wet Bar & Family Room, as well as 3 Generous Size Secondary Bedrooms & 2 Full Bathrooms. Outdoor lovers will appreciate the Covered Patios that Provide Ample Shade, as well as the Balcony onlooking Treed Green Space & Views of Joe Pool Lake. Electric Gate to 4 Car Garage...Perfect for the Car Enthusiast. This Property Puts You Just Around the Corner from Shopping, Dining & Rich Beauty of Cedar Hill with Numerous Trails for Hiking, Biking & Scenic Views from Local Parks.
Source: NTREIS #21025220
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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.