511 W Red Bird Ln Duncanville, TX 75116
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About this home
**$5000 in Seller Concessions ** Stunning Designer-Renovated Home with Serene Views & Wrap-Around Porch! Come see this beautifully remodeled 3-bedroom, 2-bath, 2-car garage home offering 2,021 sq. ft. of professionally designed living space! Every detail has been thoughtfully curated by a professional interior designer, elevating this home to a whole new level of comfort and style. Home features elegant laminate wood flooring that flows throughout the home. The heart of the home is the stunning custom kitchen, completely redesigned from top to bottom, featuring new windows, sleek finishes, and a picturesque window over the sink that frames beautiful backyard views. A wood-burning fireplace serves as a warm centerpiece, perfectly positioned to be enjoyed from the living room, office, and dining area bringing cozy ambiance to every corner. Natural light pours in through the new windows, enhancing the spacious feel and highlighting the tasteful upgrades throughout. Outside, the home offers ample guest parking and easy access. Enjoy ultimate privacy with no neighbors behind you and a scenic backdrop of lush greenery and mature trees. A perfect spot or peaceful mornings or evening gatherings. Located in a quiet, established neighborhood full of charm and natural beauty, this one-of-a-kind property is the ideal blend of luxury, comfort, and functionality. Don't miss the chance to call this exceptional home yours! * Home was recently appraised for 376k*
Source: NTREIS #21010266
Neighborhood
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.