132 Glen Oaks Dr, Sunrise Beach, TX 78643
2 beds · 2 baths · sqft
Exceptional Waterfront 2 Bedroom 2 Bath Lake Home on 1 1/2 Waterfront Lots. Approx. 88 Ft of Lake LBJ Coveted Wide Open Coves Located in The City Of Sunrise Beach. This 2 Story Lake Home has been Meticulously Cared for Over the Years. Showing Pride of Ownership with its Exceptional Condition.. Owner has upgraded home with Pella Widows. Replaced Shingles in 2009. And maintained this Lake Home with Loving Care. The Main Floor Offers Remarkable Eastern Exposure Lake Views and Natural Light from the Wall of Windows in the Large Living and Owners Suite Facing the Lake. This Home is on a Peninsula which allows for Eastern Exposure and the Cool Lake Breezes from all 3 directions. The Spacious Eat in Kitchen and Dining are Perfect for large Family Gatherings. The Split Bedroom Floor plan offers Guests Privacy for the Secondary Bedroom. Both Baths have Tile Showers with Tile Wall Surrounds. The Owners Suite has Walk-in Closet, with Plenty of Storage Space. Step Downstairs to the Basement Level for Washer and Dryer Laundry Area. or Man Cave with More Storage for the Lake Toys..
Source: ACTRIS #3208682
Financials
Source: ACTRIS #3208682
Source: Public records
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%. 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.
Other resourcesWhat 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.
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