9591 Dripping Springs Rd Denison, TX 75021
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About this home
Come see this well maintained a spacious property in the growing and vibrant town of Denison. The main home was remodeled within the last few years. In addition to the 1490sqft main home there is a 486sqft pool house or guest house featuring a large living space as well as a bedroom and full bathroom for a total of approximately 1876sqft of living space The shop is 30x50 with three bay doors perfect for storing vehicles and equipment or working on hobbies. Situated on just under 2 acres with fenced pasture areas for your animals. The roof was replaced in 2023. Septic pump and pool pump recently replaced, and pool was recently resurfaced. The pool also has a leaf cover, so you won't have to worry about constantly cleaning it in the fall. Far enough from town to enjoy the peace and quiet of country living, but also close enough to the conveniences of being near a larger town. If you're new to the area check out the revitalized downtown Denison area. You won't be disappointed!
Source: NTREIS #21075922
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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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