1062 Hickory Hills Dr Murchison, TX 75778
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About this home
Beautiful 3 bedroom, 3 bath home sits on top of a hill overlooking amazing views of the 365 acre spring fed Callender Lake. This home is located on 6 lots totaling almost a full acre (.92) of land. Home has abut 2382 sq. feet of living space plus a 900 sq. foot detached garage. The two car garage is totally sheet rocked and insulated. Enjoy sitting on the 200 sq. foot front porch overlooking large front yard, trees, and a lake view. The 480 sq foot covered back porch is a great place to relax and sometimes see the deer pass by. Drive way is paved and covers 2484 sq. feet so that you have plenty of parking space for all the company you might have when you live in this fantastic home. Home also has two living areas 18x15 and 14x15. Two of the three bedrooms are master suites and are very large (15x15 and 21x15). The third bedroom is currently being used as an office. Master suite #1 is 15x15 and includes a shower, stand alone tub, double vanities, separate toilet room. It also has a separate large walk in closet. The second master suite is even larger in size. Besides the bedroom it has room for a couch and sitting area. This master also has a great view of the water from the windows on the front of the home. Floor plan can be seen in realtors section of this listing. Ask your realtor to give you a copy of this layout. Home sits in the gated community of Hickory Hills on Callender Lake. This community has a community pool, boat ramp, children's park, restroom and shower facility, fishing pier, pavilion with picnic tables and so much more for your enjoyment. Come see this great property today and start living the LAKE LIFE!!!
Source: NTREIS #20961235
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FAQs
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.
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.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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