504 Stampede Ln Princeton, TX 75407
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About this home
STOP THE SCROLL! THIS IS THE ONE. Yes, we know there about all the other homes for sale... but let’s be real- this one blows them all out of the water—and we’re not just saying that because we’re emotionally attached - okay, maybe a little. 2,000 SELLER CONCESSION! Use it to buy down your interest rate, pay closing costs, or throw a really extravagant housewarming party - we won't judge! This 3 bed, 2 bath beauty is practically brand new—and by barely lived in, we mean it still smells like fresh paint and new beginnings. It’s been very well maintained, because the owners actually loved it - unlike those other houses… we’ve seen things, JK. The open-concept kitchen, dining, and living area means you can cook, eat, and binge-watch your favorite shows without ever having to leave the conversation—or the snacks. The primary suite? Huge. Massive. Practically its own zip code. And the closet? Let’s just say, if your wardrobe doesn’t fill it, we suggest shopping immediately. Bottom line- this is the house you deserve. All others are just... practice rounds. Call us before someone else realizes they’re looking at the best home in town!
Source: NTREIS #20984703
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.