313 Lakeview Dr, Runaway Bay, TX 76426
3 beds · 3 baths · 4,028 sqft
Owner Says LETS SELL IT! Priced below county appraised value!!!!! Very unique home with all 3 BR & 3 baths located on the first floor. Primary BR with sliding glass door leads out to the covered patio with the beautiful back yard with wrought iron fence. Open concept upstairs & downstairs. An entertainers dream kitchen with SS appliances & plenty of cabinets. Off the kitchen you will find a nice bar nook. Office with beautiful bookshelves has sliding glass doors leads to the covered patio. The last living area with WBFP. Upper level has endless entertainment possibilities including your very own pool table. Upstairs library nook or can be used for crafts has built in shelves. The 2 car garage is climate controlled, includes a workshop with a sink and golf cart garage and a second workshop. Homes sits on the 10th fairway of the golf course. While the Runaway Bay Golf Course is no longer operational, its peaceful surroundings remain an attractive feature.
Source: NTREIS #20609353
Financials
Source: NTREIS #20609353
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.