2173 Olivereta Dr, Little Elm, TX 75068
3 beds · 2 baths · 1,587 sqft
**Lakeview Living with Resort-Style Amenities!** This beautifully maintained home, built in 2019, offers a peaceful retreat with stunning views of Lake Lewisville visible right from your front door and the two front bedrooms. Situated on a quiet, low-traffic street, it provides the perfect blend of privacy and community living. Inside, the open-concept layout is bright and inviting, featuring a modern kitchen with stainless steel appliances, ample cabinetry, a spacious pantry, and a breakfast bar that flows seamlessly into the dining and living areas. This move-in-ready home has been meticulously cared for, with roof replaced in 2024 for added peace of mind. Enjoy an active and social lifestyle with incredible neighborhood amenities, including walking paths, an amenity center with a gym, two pools, and pickleball and sand volleyball courts. The community also hosts a variety of year-round events and activities for residents to enjoy. Don’t miss this opportunity to own a truly turn-key home in an unbeatable location—schedule your showing today!
Source: NTREIS #20883110
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20883110
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.