12866 Fm 346 W, Bullard, TX 75757
3 beds · 2 baths · sqft
Welcome to this charming custom-built brick home nestled on approximately 0.975 acres of serene, landscaped grounds. This thoughtfully designed residence offers 3 spacious bedrooms and 2 full baths, perfect for comfortable family living or entertaining guests. As you step inside, you'll be greeted by the warm and inviting living room, complete with a cozy fireplace, perfect for gatherings on chilly evenings. The kitchen is a chef's dream, featuring a gas stove, elegant custom cabinetry, and a breakfast bar for casual dining or morning coffee. For special occasions, the formal dining area provides a sophisticated space to enjoy meals with family and friends. The home extends its charm outdoors with a covered back porch, ideal for relaxing and taking in the tranquil views of the expansive yard. With nearly an acre of space, there’s plenty of room for gardening, recreation, or even a future pool or workshop. This custom-built gem offers the perfect balance of comfort, style, and functionality, all within a peaceful and private setting. Don't miss the opportunity to make this stunning home your own!
Source: NTREIS #20787466
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20787466
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.
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.
MLS ID: #20787466
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.