15069 Mitchell Bend Ct, Granbury, TX 76048
3 beds · 2 baths · 1,750 sqft
Escape the city life for your peace of mind on the Brazos River! This unique 3 bedroom - 2 bath limestone rock home sits on 6.75 acres dotted with mature pecan trees. Master bedroom features a large bathroom suite with a garden tub with separate shower. Other bedrooms and bathroom on opposite side of house. Also has a bonus room that could be used as office or additional storage. Open living area with shiplap walls, a cedar closet, and a wood-burning stove keeps the entire house warm during the winter. Floor to ceiling windows frame the backside of the house overlooks the backyard as it slopes towards the river. Front of property has a fenced pasture for grazing. Outside has a variety of structures including a barn, chicken coop, greenhouse, and RV storage with hook-ups. Owner has installed solar panels keeping summer electric bills low! New AC installed in 2023 - new hot water heater installed in 2022. Water is supplied by private well. Property being sold as is. So many unique ways this house could be used - weekend getaway, hunting cabin, or just your daily oasis away from streetlights. Bring the dreams...the gate will be open!
Source: NTREIS #20815201
Financials
Source: NTREIS #20815201
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.