1101 Shearwater Ln, Garland, TX 75043
5 beds · 4 baths · 3,929 sqft
Welcome to 1101 Shearwater Lane, THE ONLY PRE-INSPECTED HOUSE IN THE NEIGHBORHOOD OFFERING OVER $100K IN UPGRADES! This expansive 5-bedroom, 4-bathroom residence boasts nearly 4,000 sq. ft. of thoughtfully designed living space, highlighted by vaulted cathedral ceilings and an elegant spiral staircase great for homecoming & wedding photos. Perched on an elevated lot, the home showcases modern updates throughout, enhancing both style and functionality. Located in Garland ISD’s Choice of School program, this home provides access to top-rated schools, including a National Blue Ribbon School. The first-floor primary suite is a true retreat, featuring a luxuriously remodeled ensuite bath and a walk-in closet. A versatile bonus room on the main level can function as a home office, nursery, or even a 6th bedroom, offering flexibility for your needs. The gourmet kitchen has been fully updated with a brand-new stove, modern cabinetry and handles, a spacious island, a butler’s pantry, upgraded light fixtures, and a freshly painted finish, making it the true heart of the home. Brand-new flooring spans the entire first floor, complementing the new modern paint and updated accent trim throughout. Upstairs, you'll find four additional bedrooms, a game room, and a media room, ensuring plenty of room for entertainment and relaxation. Step outside to a private backyard oasis, where the freshly stained fence and pergola provide the perfect setting for outdoor gatherings or quiet evenings. Additional upgrades include two new AC handlers, updated lighting fixtures throughout, and freshly finished wood surfaces, adding even more value to this exceptional home. This home effortlessly blends modern elegance with everyday comfort in a prime location near Lake Ray Hubbard, shopping, dining, and major highways. Don’t miss this incredible opportunity to own a beautifully updated home in one of Garland’s most sought-after neighborhoods!
Source: NTREIS #20848395
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20848395
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.