1207 Horseshoe Dr, Hideaway, TX 75771
3 beds · 2 baths · 2,069 sqft
This beautiful single-family home offers 2,069 sq ft of elegant living space, situated in the tranquil and highly sought-after Hideaway community. With 3 bedrooms and 2 bathrooms, this property is perfect for families or those looking to enjoy a peaceful lifestyle in a friendly neighborhood. Step inside and be greeted by a spacious and inviting open-concept living area that seamlessly connects to the dining room and kitchen. The living room features large windows that let in abundant natural light, creating a warm and welcoming atmosphere. The modern kitchen is a chef’s delight with ample counter space, and plenty of cabinetry for all your storage needs. The master suite is a private retreat, complete with an en-suite bathroom featuring a walk-in shower and dual vanities, offering a perfect place to relax after a long day. The additional two bedrooms are generously sized and share a well-appointed bathroom, making them ideal for family or guests. Both have huge closets. Outside, the property features a large backyard with mature trees, providing a serene setting for outdoor activities or simply enjoying the beauty of nature. There is also a great shed perfect for a She Shed or Man Cave. The two-car garage offers plenty of space for parking and additional storage. Located in the gated community of Hideaway, this home offers access to exceptional amenities, including golf courses, parks, lakes, and a vibrant social scene. Residents can enjoy a variety of recreational activities or take a leisurely stroll through the beautifully landscaped neighborhood. This property is conveniently located near major highways, providing easy access to nearby cities such as Tyler, where you can find shopping, dining, and entertainment options. Hideaway is known for its family-friendly atmosphere, excellent schools, and community events throughout the year.
Source: NTREIS #20707777
Source: NTREIS #20707777
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.