108 Oak Creek Dr Springtown, TX 76082
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About this home
Welcome to 108 Oak Creek Drive, a stunning custom residence tucked away on over 4 acres in the highly desirable Oak Creek West subdivision of Springtown. Built in 2016, this exceptional home seamlessly blends countryside tranquility with high-end finishes and modern conveniences. Enjoy the gently rolling terrain with mature oak trees, open pastures, and scenic views. One-story layout (with a bonus game room over the garage) that maintains a comfortable and accessible flow. Rich brick and stone façade, covered porch, built-in outdoor grill, and outdoor fireplace set amidst landscaped surroundings. Soaring vaulted ceilings accented with heavy wood beams, arched entries, and an elegant stone fireplace serve as a dramatic focal point. A chef’s dream, it boasts a large island, breakfast bar, walk-in pantry, stainless steel appliances, warming drawer, ice maker, and built-in convection oven. Spacious and luxurious, the master retreat features a spa-like bath with dual vanities, separate shower, soaking tub, and generous closet space. A formal dining room, secondary bedrooms (with options for an office or study), utility laundry room, and a bonus game room above the garage with storage. Crown moldings, arches, bay windows, ceiling fans, tile and carpet flooring, and high-quality trim work. Come enjoy the outdoor living with covered patio with built-in grill and outdoor fireplace ideal for entertaining while soaking in panoramic views of the property. Creek access, 24x30 shop insulated with electricity and built in heater, tree house with 150 ft zip line. With its open pastures, mature oaks, and expansive acreage, this property offers privacy and the feel of a country estate just minutes from town. Oak Creek West, in Parker County—close enough to Springtown’s amenities but removed enough for serenity. Easy access to Highway 199, making commutes into surrounding areas convenient.
Source: NTREIS #21074341
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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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