101 Bear Creek Dr, Tuscola, TX 79562
5 beds · 3 baths · 2,376 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Sprawling Serenity close to Abilene! Discover this meticulously maintained 5-bedroom, 3-bath residence, perfectly situated just 5 minutes from town, yet enjoying the advantage of NO CITY TAXES. Nestled on just under 2 acres, this stone and brick masterpiece within the coveted Wylie schools is a rare gem. 5th bedroom is currently used as a game room and being oversized lends itself to many possibilities!!! Step inside to a breathtaking open-concept design with a vaulted ceiling living room featuring a stunning limestone fireplace. The well-appointed kitchen seamlessly integrates with both the dining and living areas, creating an ideal space for gatherings. Custom built-ins bookend the fireplace and allow for ample storage, and large windows frame the expansive backyard, offering serene views. Retreat to the master suite, where luxury awaits with an oversized shower, rain shower head, and soothing jetted tub. Outdoors, enjoy the massive east-facing deck, perfect for evening relaxation without rear neighbors. With ample room for animals or projects, a versatile 16x12 outbuilding conveys with the property. Contact the listing agent today for your private tour.
Source: NTREIS #20858980
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20858980
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.