607 Comal Dr Crandall, TX 75114
Your savings
About this home
Save up to $600 per month with an Assumable loan at 3%!!! Welcome to 607 Comal Drive- A beautifully maintained 2-story home in the sought-after River Ridge neighborhood in Crandall, Texas! Built in 2020, this 2,636 sq ft home has the perfect open floor plan with a warm palette. Tthe living area offers tall ceilings and an electric fireplace along side the spacious kitchen featuring an island. This space is perfect for gathering and entertaining plus the kitchen includes a large pantry. The laundry room off the kitchen features extra cabinetry for storage as well as ample overhead storage in the garage. The main-level primary suite features dual sinks and a walk-in closet, stand up shower as well as a tub. The home office on the main-level has a large closet and could be used as a bedroom or flex space. The upstairs includes three bedrooms—two share a Jack-and-Jill bathroom with a walk-in closet in the 2nd bedroom. The upstairs features a media or game room, and a shared bonus space. Ample backyard has a great pie-shaped lot, with a covered patio and an outdoor fan. Zoned Crandall ISD! Enjoy a quite community while still being a short drive into the Dallas area. Come see what this stunning home has to offer! Reach out for more details on how you can save $600-700 per month by assuming the sellers current mortgage at a 3% Interest rate!
Source: NTREIS #21075171
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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.