1301 Louise Ln, Ennis, TX 75119
3 beds · 2 baths · 1,738 sqft
Welcome to 1301 Louise Lane, a charming 3-bedroom, 2-bathroom home nestled in the heart of Ennis, Texas. Built in 2001, this 1,738-square-foot residence offers a harmonious blend of comfort and convenience. Upgrades galore - New roof 2023, Complete remodel of both bathrooms (floors, shower walls, toilets, vanities, and bathtubs), Updated Granite kitchen countertops, New backyard fence, New windows throughout the whole house in 2022, Rain gutters, & Fire pit sitting area in back. As you step inside, you'll be greeted by a spacious living area that seamlessly connects to the dining and kitchen space, creating an inviting atmosphere for gatherings and everyday living. The well-appointed kitchen features ample cabinetry and counter space with beautiful granite countertops, double ovens, electric cooktop, and the ideal spacious layout, catering to both casual meals and culinary endeavors. The primary suite serves as a tranquil retreat, complete with a newly remodeled en-suite bathroom designed for relaxation. Two additional bedrooms provide flexibility for family, guests, or a home office setup. Situated on a 0.21-acre lot, the property's outdoor space offers potential for gardening, recreation, or simply enjoying the Texas sunshine. Its prime location ensures easy access to local schools, parks, shopping, and dining options, enhancing your daily convenience. Experience the perfect blend of comfort and accessibility at 1301 Louise Lane—your ideal home awaits.
Source: NTREIS #20895813
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20895813
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.