6171 Inca Dr, Mabank, TX 75156
1 beds · 2 baths · 1,368 sqft
Charming Farmhouse Retreat Near Cedar Creek Lake! Discover your slice of paradise in this enchanting farmhouse nestled on three spacious lots in the serene community of Indian Harbor, just an hour east of Dallas and a stone's throw from the picturesque Cedar Creek Lake. Whether you're seeking a family home, a weekend getaway, or a lucrative vacation rental, this property offers endless possibilities! Key Features: Location, Location, Location! Enjoy the tranquility of a quiet neighborhood while being only minutes away from Hwy 175 and the shimmering waters of Cedar Creek Lake. Versatile Living Space: The upstairs spans approximately 500 sq ft, perfect for a cozy master suite or easily convertible into a second bedroom to accommodate family and friends. Outdoor Paradise: Two additional vacant lots, brimming with mature trees, provide ample space for outdoor activities, gardening, or even future expansion. Community Amenities: Take advantage of the Indian Harbor Owners Association, featuring two boat docks for your water adventures—perfect for fishing, swimming, and relaxing by the lake! Ample Parking: Say goodbye to parking woes with plenty of space for your RV and multiple vehicles, making it ideal for entertaining guests or hosting family gatherings. Modern Comforts: Enjoy peace of mind with a new heating and air conditioning system (just 2 years old), stylish new wood flooring upstairs, and a durable metal roof. Plus, a storage shed for all your outdoor gear! Additional Details: Buyers Agents Welcome! Buyers Agent Friendly! Lots Dimensions: 70x100 (Lot #46, Lot #47 & Lot #48) Appliances included & some furniture is negotiable—move in with ease! Motivated Seller ready to negotiate—bring your best offers! Don’t miss this rare opportunity to own a beautiful farmhouse in a prime location! Schedule your private showing today and let your dreams of lakeside living become a reality. Call Now! ???
Source: NTREIS #20769040
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20769040
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #20769040
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.