3724 Cove Timber Ave, Granbury, TX 76049
3 beds · 3 baths · 3,019 sqft
Stunning 2-Story Home with Lake Views in Timber Cove, Granbury, TX. Welcome to this breathtaking 2-story home in the highly desirable Timber Cove Lake community in Granbury, TX. Located on the Fort Worth side of Granbury, this home offers convenient access to both the Fort Worth area and the renowned Granbury Town Square, making it the perfect blend of peaceful lake living and easy urban access. Property Highlights include Gorgeous Lake Views. Enjoy scenic views of the lake from multiple areas of the property. Prime Location Just minutes from top-tier shopping, including HEB, Kroger, Walmart, and more. Everything you need is within reach! With an expansive Outdoor Oasis This home is designed for relaxation and entertainment, featuring a stunning inground gunite pool, large deck, and ample space for a garden. Multiple outbuildings provide additional storage, and a 10-foot privacy fence ensures your privacy. Inside this lovely home includes Elegant Interiors. The home boasts high-end finishes such as granite countertops, two cozy gas-burning fireplaces, and a spacious, open layout. The Large Luxurious Primary Suite includes a gas-burning fireplace, a jetted tub, separate shower, and double vanities—everything you need for a relaxing retreat. Media Room for Entertaining is Perfect for movie nights or hosting friends, the media room features a stylish bar with sink and plenty of space for gathering. This home is an entertainer's dream, whether you're hosting a pool party or a cozy movie night by the fire. The new HVAC system recently installed comes in perfect timing during these up coming winter nights and hot summer days! The combination of sophisticated interior features and expansive outdoor amenities make this home a true gem. With a stunning outdoor space, community boat dock, and access to all that Granbury & Ft Worth have to offer, this is a deal you won’t want to miss. This home is priced to sell and offers incredible value in a sought-after community.
Source: NTREIS #20809069
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: NTREIS #20809069
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.
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