1249 Fm 2123, Paradise, TX 76073
3 beds · 2 baths · 1,581 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Endless Possibilities Await on This Stunning 5-Acre Property! Welcome to a unique and versatile property offering the perfect blend of comfort, functionality, and investment potential. Nestled on nearly 5 acres of serene landscape, this exceptional estate boasts two beautifully designed residences—ideal for multigenerational living, a guest retreat, or a lucrative rental opportunity. The primary residence, spanning approximately 1,600 square feet, features a spacious and inviting layout designed for modern living. With an open-concept floor plan, abundant natural light, and well-appointed finishes, this home creates a warm and welcoming atmosphere. Enjoy a thoughtfully designed kitchen with ample counter space, a cozy living area, and comfortable bedrooms that provide the perfect retreat after a long day. Adjacent to the main home, the secondary residence (approx. 900 square feet) is a charming and fully functional living space, perfect for extended family, guests, or as an income-producing rental. Complete with its own kitchen, living area, bedroom, and private entrance, this secondary dwelling offers independence and privacy while still being conveniently close to the main home. Step outside and take in the peaceful surroundings of your expansive 5-acre property. Whether you're looking to enjoy nature, start a hobby farm, or create your own private oasis, the opportunities are endless. With plenty of space for gardens, outdoor entertainment, or even additional structures, this property caters to a variety of lifestyles and dreams. Conveniently located with easy access to nearby amenities, shopping, and schools, this property offers the best of both worlds—secluded country living with modern conveniences just a short drive away. Whether you're searching for the perfect multigenerational home, a guest retreat, or an income-generating investment, this property is a rare gem with unlimited potential. Don’t miss the chance to make it yours!!
Source: NTREIS #20880813
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20880813
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.