303 Lakeview Dr, Hideaway, TX 75771
3 beds · 3 baths · 2,400 sqft
Discover the potential of this beautifully updated home in the sought-after gated community of Hideaway, TX! Perfectly positioned across from the park, this charming 3-bedroom, 2.5-bathroom home offers 2,400 sq. ft. of living space, blending modern updates with timeless comfort. Step inside to a generous living area filled with natural light, offering an inviting space for relaxation and entertaining. The functional kitchen features ample storage and counter space, making meal preparation effortless. The adjoining dining area ensures a smooth flow for hosting family dinners and gatherings. The primary suite serves as a private retreat, featuring an ensuite bathroom and a spacious closet for added convenience. Two additional bedrooms offer flexibility for family, guests, or a home office. With 2.5 bathrooms, this home provides comfort and practicality for all. Your second living space is perfect for a theatre room, complete with acoustic insulation in the walls and ceiling. Storage is a key feature, with built-in cabinets, closets, and additional space throughout to keep your belongings organized. Under the house you will find a massive storage room. The 2-car carport ensures your vehicles are well-protected, while the large driveway offers extra parking for guests. One of the most appealing aspects of this property is its prime location across from the park, providing easy access to outdoor recreation, walking trails, and green space. Beyond the park, residents of Hideaway enjoy access to a range of amenities, including three lakes for fishing and boating, a 27-hole golf course, swimming pools, tennis courts, pickleball courts, and a clubhouse with community events. Whether you're looking for a weekend retreat or a full-time residence, this home presents an incredible opportunity to embrace the serene lifestyle of Hideaway. With its unbeatable location, modern updates, and ample space, this home is move-in ready for its next chapter.
Source: NTREIS #20874465
Financials
Source: NTREIS #20874465
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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