1600 Anchor Way
Azle, TX 76020
3 beds · 3 baths · 2,281 sqft
$515,000
Get prequalifiedAbout this home
This BEAUTIFUL home in the desired community of OAK HARBOR ESTATES boasts a GORGEOUS LAKE VIEW!!! Welcome home to this well-appointed home situated on a pretty, treed corner lot and offers 3 bedrooms, 2 and one-half bathrooms, 2-car garage and an inground POOL! The kitchen is a great space to prepare those special family meals! The kitchen has gleaming granite, decorative backsplash, a large island, ample cabinet storage and lots of counter space. The breakfast area overlooks the backyard oasis. The formal dining is off of the kitchen and overlooks the large living area! The master suite is oversized with a lake view and has room for a sitting area. The other 2 bedrooms are split from the master suite and share a nice full-sized bathroom. There is also a study with a closet and French doors that could easily be a 4th bedroom. The home is designed with engineered hardwoods and tile in the heavy traffic areas and in the master suite, and carpet in the secondary bedrooms. The large covered back patio with lake view is the perfect place to unwind after a long day or to seek shelter from the hot and sunny days of summer. Beat the summer heat by swimming or floating in your inground pool with lake view. The backyard offers plenty of space for sports. entertaining and pets! Enjoy all that the community has to offer from the deer that roam freely, to the community pavilion, playground and boat dock. Close to schools, shopping and easy access to Hwy 199.
Source: NTREIS #20767895
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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