553 Harvest Grove Dr Waxahachie, TX 75165
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About this home
Rare One-and-a-Half Story Home. The Best of Both Worlds! Discover this beautifully maintained Bloomfield Cypress II floor plan, offering the perfect blend of main-level living with a private upstairs retreat. From the moment you arrive, character and functionality come together in this thoughtfully designed home. The main floor provides all primary living spaces, including the spacious master suite, two additional bedrooms, and open-concept common areas. The formal dining room is highlighted by a striking window display and can easily serve as a flex space or office. The great room flows seamlessly into the bright, chef-inspired kitchen, featuring: A large granite island with seating, Walk-in pantry, Electric cooktop and custom carpentry hood, 42-inch white cabinets with crown molding and under-cabinet lighting, Pot and pan drawers, and an appliance tower with double ovens and microwave. The master suite is generously sized, with high ceilings extending into the walk-in closet. The ensuite bath includes a garden tub and shower combination and dual vanities. Upstairs, you’ll find a versatile living area perfect for a family room or game room along with a fourth bedroom and a full private ensuite bath, ideal for guests or multi-generational living. Outdoor living shines with an extended rear patio and pergola, added by the original owners for extra entertaining space. Enjoy lovely curb appeal in front and privacy in back, with no homes directly behind the property. Additional highlights include: No HOA, yet jogging trail and park in a neighborhood that exhibits great pride of ownership and care. Solar panels for energy efficiency and low utility costs. Price and terms of solar panel assumption are negotiable.
Source: NTREIS #21095522
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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.