133 Lilac Ln, Azle, TX 76020
3 beds · 1 baths · 1,680 sqft
USDA 0% Down! FHA Assumable Loan 2.875% Interest Rate! Charming & Energy-Efficient Home Near Eagle Mountain Lake! This adorable home is ideally situated on a spacious 0.25-acre lot on a quiet, tree-lined street, just minutes from the serene beauty of Eagle Mountain Lake. Upon entering, you'll appreciate the recent enhancements, including a brand-new HVAC system (inside and outside units), new baseboards, new flooring, and new doors throughout. The home has also undergone a thoughtful transformation with the removal of popcorn ceilings and fresh paint, creating a bright and modern atmosphere. Designed for versatility, the converted garage is currently being used as a spacious primary suite, featuring two closets for ample storage. This flexible space could easily be converted into a playroom, game room, or additional living area, adapting to your needs. Both the home and the storage shed are equipped with metal roofs. The generous laundry room provides abundant cabinetry for storage and organization. The expansive backyard offers a peaceful retreat, featuring mature trees, a large storage shed, and a covered back porch with an attached pergola, designed with the same durable metal roofing as the home. This area is perfect for outdoor entertaining or simply relaxing. A 2-car covered carport, along with two additional uncovered parking spaces, ensures ample parking for residents and guests. This home is also conveniently located near local schools, including the elementary school and Forte Junior High, making it ideal for families. With fully paid-off solar panels, this home offers exceptional energy efficiency and significant cost savings. Don't miss the opportunity to own this charming, move-in-ready home in a highly desirable location. Schedule your private showing today! All information deemed reliable but not guaranteed.
Source: NTREIS #20888145
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20888145
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.