23 Fireside Dr, Rockwall, TX 75032
4 beds · 4 baths · 4,023 sqft
Welcome to this Lake Ray Hubbard area STUNNER! This resort-style property boasts over 4,000 sq. ft. of luxurious living, featuring an Omni Hotels-inspired pool, exquisite outdoor entertaining space, and over $200k in PREMIUM UPGRADES! Beautifully situated on an expansive 1.5-acre lot, meticulously maintained, and move-in ready! Showcasing exceptional functionality and an ideal layout, this residence truly epitomizes luxury living. Step inside to discover an open and flowing floor plan, 4 spacious bedrooms, and 4 full bathrooms, including the coveted first-floor primary suite. Designed perfectly for everyday life as well as grand entertaining, the home offers multiple living and dining areas, an executive office, state-of-the-art media room, versatile game room, and abundant walk-in attic storage. The beautifully designed kitchen allows effortless entertaining, seamlessly connecting to the expansive outdoor living area—creating an ideal flow for gatherings and relaxation. Over $200K in premium upgrades include a new Class 4 impact-resistant roof, upgraded media room equipment, updated appliances, fresh exterior trim and fixtures, fresh paint, enhanced landscaping, a screened-in custom porch, and a full-home 26kW Generac generator. High-end finishes include hand-scraped hardwood floors, custom cabinetry, fresh professional paint, expansive bay windows, solid-core doors, and superior lighting and hardware. Conveniently located near highly rated Rockwall schools, with quick access to highways, restaurants, shopping, and more. Truly a splendid and rare gem—make this your storybook dream home today!
Source: NTREIS #20868548
Financials
Source: Public records
Source: NTREIS #20868548
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.
What 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.