1129 Hidden Lake Dr, Burleson, TX 76028
4 beds · 3 baths · 2,776 sqft
Welcome to this charming 4-bedroom, 2.5-bathroom home in the heart of Burleson, Texas! As you step inside, you’ll immediately feel the warmth and comfort this home has to offer. With spacious living areas, a thoughtfully designed floor plan, and plenty of natural light, this home is perfect for both family gatherings and quiet evenings. The kitchen is a chef’s dream, featuring modern appliances, expansive counters, and an ample breakfast bar where you can enjoy your morning coffee. The open-concept design seamlessly connects the kitchen to the inviting family room, creating an ideal space for entertaining or simply relaxing with loved ones. The Primary suite offers a peaceful retreat with its generous size, walk-in closet, and a luxurious en-suite bathroom complete with a soaking tub and separate shower—perfect for unwinding after a long day. Three additional bedrooms provide plenty of space for family, guests, or a home office. The backyard is a true highlight, offering a private space for outdoor living, whether you’re grilling on the patio, playing with the kids, or gardening. Located in a family-friendly neighborhood, this home is close to schools, parks, and shopping, making it the perfect place to settle down and create lasting memories. This home combines comfort, style, and convenience—don’t miss the opportunity to make it your own!
Source: NTREIS #20885863
Financials
Source: Public records
Source: NTREIS #20885863
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.