9116 Shore Crest Dr, Cedar Hill, TX 75104
4 beds · 5 baths · 3,929 sqft
Gorgeous lake view home situated on .61 of an acre with timeless designer updates and a stunning backyard! Interior features 4 large bedrooms, 5 bathrooms, private home office, 2 living areas, media room, and a grand kitchen with beautiful sunset views of the lake. The exterior offers a completely private backyard with a newly remodeled heated pool, attached spa, multiple entertaining areas, a screened in back patio, an oversized 3 car garage, and a storage shed. The thoughtfully designed layout will meets the needs of the most particular buyers with a beautiful foyer entrance into a cozy sitting room with marble fireplace and access to the home office. The oversized primary suite is completely private on its own wing of the house, has a sitting area and has a door leading directly to the pool. The primary bath features a jetted soaking tub, separate shower, separate vanities and a killer closet with built-in dressers, shoe shelves and plenty of hanging space. As you enter the entertainment side of the home you are greeted with a massive eat-in kitchen featuring double islands, breakfast bar, GE Gallery appliances, double ovens, 5 burner gas cooktop, large walk-in pantry, a custom bar with storage- all overlooking the breakfast nook and living room with another fireplace. Additionally there is a beautiful guest room on this side of the home with a fully remodeled bathroom that doubles as a pool bath and a large laundry room with built-ins and a drying area. As you move to the upstairs, there are 2 large bedrooms one with an ensuite bathroom and large walk-in closet and the other large bedroom has direct access to the 5th bathroom that is shared with guests who are hanging out in the media room. Also inside the media room is direct access to a large walk-in closet and a walk out attic with tons of decking to store all your holiday decor. Other note worthy improvements include 18 new windows on the front of the home and solar shades added on the rear of the home.
Source: NTREIS #20754986
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20754986
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: #20754986
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