2536 Glen Ranch Dr, Burleson, TX 76028
4 beds · 3 baths · 3,470 sqft
Discover this stunning 4-bedroom, 2.5-bathroom home nestled in the highly sought-after Mountain Valley Lake community in Burleson, TX. This spacious property offers an ideal layout designed for comfort, functionality, and entertainment. With a generous 3,470 square feet of living space, this home provides room for everyone to spread out and enjoy. The main floor boasts an open-concept design featuring a large family room, perfect for gathering with loved ones or hosting guests. The kitchen is equipped with ample cabinetry, granite countertops, and breakfast bar that makes mealtime enjoyable. The great room overlooks the expansive backyard, which opens directly to a shared park—a unique feature that extends your outdoor living space and provides endless opportunities for recreation and relaxation. Upstairs, you'll find a spacious media room and a separate game area, ideal for movie nights, gaming, or a dedicated play space. The home's 4 generously sized bedrooms include a luxurious primary suite featuring a walk-in closet and an ensuite bathroom with a dual vanity, and standing and sitting shower. The property also boasts a 3-car garage, providing ample parking and storage. As part of the HOA community managed by Goodwin & Co., residents enjoy access to exceptional amenities, including a park, basketball court, clubhouse, and a refreshing swimming pool by Mountain Valley Lake. One of the standout features of this home is its VA loan with a 2.500% interest rate, which is assumable for qualified buyers—an incredible opportunity for those seeking favorable financing terms. Another valuable feature of this home is the solar panel system, which will be paid off by the seller prior to closing. This offers significant energy savings and adds eco-friendly value to the home. This is an incredible opportunity to own a spacious, well-appointed home in a vibrant, family-friendly community. Don’t miss out—schedule your private showing today!
Source: NTREIS #20884155
Financials
Source: NTREIS #20884155
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.
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