12588 Lewis Rd, Cleveland, TX 77328
4 beds · 2 baths · 1,808 sqft sqft
Welcome to your dream country retreat! This stunning 4-bedroom, 2-bathroom home is nestled in a peaceful, unrestricted neighborhood, offering the perfect blend of tranquility & convenience. As you step onto the property, you’ll appreciate the fully fenced yard providing privacy & security. The spacious layout boasts a large kitchen that is a chef's delight, perfect for family gatherings & entertaining. Enjoy the comfort of a dedicated office space, ideal for remote work or study. The inviting covered porches allow for relaxing outdoor moments, while the expansive deck is perfect for hosting barbecues or simply soaking in the beautiful surroundings. With quick access to the freeway, commuting is a breeze, making this home not just a serene escape but also a practical choice for today’s busy lifestyle. Additionally, the property features a shed for all your storage needs. Don't miss out on this rare opportunity to own an adorable & affordable country home! Schedule your viewing today!
Source: HAR #10807125
Interest rate and monthly payment estimated based on public records.
Source: HAR #10807125
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10807125