101 W Carruth Ln, Double Oak, TX 75077
4 beds · 4 baths · sqft
COMPLETELY RENOVATED 1.5 STORY ESTATE WITH OVER $250K IN RECENT UPGRADES NESTLED ON AN ACRE LOT! Exquisite design & modern luxury combine in this remarkable home featuring fresh paint, updated bathrooms, an open-concept floor plan, tall ceilings, wood flooring, tons of windows for natural light & a home office with French doors. The chef in your family will love the beautifully remodeled kitchen boasting quartz countertops, freshly painted cabinets, decorative backsplash, stainless steel appliances, a recently installed double oven, butler's pantry & an island. Unwind in the large family room showcasing a cozy fireplace & built-ins, or pamper yourself in the lavish primary suite including an oversized semi-frameless shower, separate marble vanities, a retiled soaking tub, linen closet, huge walk-in closet with built-ins and gorgeous flooring with extra large tile slabs. Entertain in the renovated media room graced with a screen, 4K Epson projector, Savant Pro home automation system, Luxul routers, built-in speakers & a wet bar with a mini fridge. All secondary bedrooms offer a sliding barn door & easy access to the spacious game room. Enjoy the outdoors in your massive backyard featuring a retiled saltwater pool & spa with a tanning ledge & water features, a fire pit area, mature trees, lush landscaping & a huge outdoor living area with a fireplace, outdoor kitchen, built-in smoker & a TV. Make great use of the 3 car garage with epoxy flooring, overhead storage & extra driveway parking. Recently replaced CAT4 roof, gutters, garage doors, sprinkler lines, sprinkler heads, pool pump & water feature pump. Located at the end of a cul-de-sac street in close proximity to tons of shopping & dining. Media room equipment is negotiable. Take a first-person look at this gorgeous home! Click the Virtual Tour link to see the 3D Tour!
Source: NTREIS #20776580
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20776580
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #20776580
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.