520 King St Cedar Hill, TX 75104
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About this home
This beautiful 3 bedroom, 2 bath home is designed with families in mind. The open concept layout creates a natural flow between the living, dining, and kitchen areas, making it easy to stay connected during family time. The cozy fireplace in the living room sets the perfect backdrop for movie nights or holiday gatherings. The kitchen offers plenty of cabinets, sleek quartz countertops, and lots of space to prepare family meals or bake cookies with the kids. The spacious master suite is your private retreat, featuring an ensuite bath with a soaking tub, dual sinks, and a huge walk-in closet. The additional bedrooms provide plenty of space for kids, guests, or even a dedicated playroom. Need extra space? The bonus room is perfect for a home office, game room, or workout area. Outside, the large backyard is ideal for family barbecues, a swing set, or creating your dream garden. All of this is set in a quiet, peaceful neighborhood, just minutes from great shopping, dining, and entertainment options so you’re never far from everything you need. If you’re searching for a move in ready home that blends comfort, convenience, and space, this home is ready to welcome your family. Schedule your tour today!
Source: NTREIS #21040051
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Close stress-free in 45 days, handled start to finish by Roam.
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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.