720 Champion Ct Garland, TX 75043
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About this home
Home is back on the market at no fault of the Seller! Property has appraised over the asking price and the Seller is ready to Sell. Move-in Ready, great location offers a resort lifestyle you’ll love in the sought-after Trails golf course community. Peaceful living with urban conveniences. This home qualifies for special financing available for first-time homebuyers with a conventional loan through lender. Ask listing agent for details! A low maintenance townhome with 3 Bedrooms, 2 ½ Baths, 2 living spaces plus dining room - 1,622 SF! Large kitchen, pantry, lots of cabinets and walk-in laundry room with closet. Spacious primary bedroom: sitting area, ensuite bathroom, separate shower and bathtub, large walk-in closet. Hard to find in a townhome - covered patio that is perfect for relaxing or entertaining plus an intimate backyard for kids or pets. A private entrance with a gate that leads to the front courtyard and a 2-car garage. This home qualifies for special financing available for first-time homebuyers with a conventional loan through lender. Ask listing agent for details! A two-minute walk to the community pool, tennis and pickle ball courts. Location, location, location - steps from Audubon Park, shopping, dining, parks and major highways - make a commute or weekend outings convenient. All 3 bedrooms have walk in closets. Refrigerator, Washer, Dryer conveys with purchase. New air-conditioner and water heater. To learn more about the amazing HOA and Trails Recreation Club search for their website and look for their FB page - lots of great photos and list of community activities.
Source: NTREIS #20997580
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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.
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