131 Scarlet Oaks Dr, Joshua, TX 76058
4 beds · 4 baths · 2,921 sqft
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Motivated Seller!! his exceptional 2,921 sq ft home, built in 2020, is located on a peaceful 1-acre lot in a quiet cul-de-sac, offering the perfect blend of modern living and privacy. Situated outside city limits with no HOA, it provides a serene environment with the freedom to enjoy your space without restrictions. The home features 4 generously-sized bedrooms and 3 and a half bathrooms, ensuring ample room for family and guests. Each room offers comfort and style, with modern finishes throughout. Ceiling fans in bedrooms, living room. The heart of the home is its open living space, ideal for entertaining or relaxing. It’s equipped with a high-efficiency tankless water heater, ensuring an endless supply of hot water while saving on energy costs. Surrounding the home, motion detector lights enhance security and convenience, automatically illuminating areas when needed. The Bluetooth-enabled garage door opener adds an extra layer of modern convenience. Practical features include water spigots on all sides of the house, making outdoor maintenance and gardening easy. The septic system was recently serviced, with the septic pump being replaced in 2024. Only liquid bleach is used to maintain the septic system, ensuring long-term functionality and cleanliness. While the home offers complete privacy and a peaceful setting, it's also conveniently located near essential amenities, giving you the best of both worlds. Whether you're seeking a peaceful retreat or a modern home with plenty of space, this property is the ideal choice. Inside, you'll find a mix of plush carpet in the primary bedroom, offering a soft touch underfoot, while the rest of the home features durable vinyl flooring for easy maintenance and a modern aesthetic. The home is fully electric, with no gas appliances, ensuring safety and energy efficiency. The home has gutters on all 4 sides, furnace in attic has its own closet, and the is spray foamed insulated. More photos will be added!
Source: NTREIS #20839566
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20839566
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.