8800 Conroe Dr Argyle, TX 76226
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About this home
Recently-built Bloomfield Home is ready for its next owner! ***VA Assumable Loan at very low rate.** 4-2-2 has large formal dining, living, split bedrooms, and an extended covered back patio for your morning or evening relaxation. Enter the home to a welcoming circular entry hall with garage to the left and office or 4th bedroom to the right. A separate hall leads to two secondary bedrooms and a hall bath with double sinks. Ahead is the very spacious dining room, currently used as a game room, which will accommodate all your entertaining needs - a large dining table, hutch, buffet, and more. The living area features a wall of windows looking out to the landscaped yard and is open to the kitchen, which is a true chef's delight: granite counters, farm sink, island with breakfast bar, loads of extra storage & counter space, pendant lighting, and stainless appliances. Just off the living area is the primary bedroom with its own sitting area, complete with ensuite bath, separate vanities, large walk-in shower and walk-in closet. This home's floor plan accommodates so many flexible needs, and if you love being outside, there is plenty of space there as well. HOA offers 2 pools, a splash pool, community center, walking trails, stocked fishing ponds, a bocce ball court, putting green, and a dog park. Priced below similar new construction - make this home yours! Sellers would appreciate a lease-back period.
Source: NTREIS #21037838
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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.