1201 Burkett Cir Cameron, TX 76520
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About this home
Charming Two-Story Brick Home Backing to Orchard Park and Close to The Yards Of Cameron Baseball Park! Nestled in a peaceful neighborhood with no rear neighbors, this charming two-story brick home offers a perfect blend of comfort and privacy. Boasting 3 spacious bedrooms and 2 full baths, this home is ideal for those seeking both style and functionality. On the main level, you’ll find a private in-law suite, perfect for guests or multi-generational living. Upstairs, the primary bedroom provides a serene retreat, with a lovely view of the surrounding landscape. The two additional bedrooms share a convenient adjoining bathroom, making it an ideal layout for families. The open-concept living and dining areas are bathed in natural light, creating an inviting atmosphere for family gatherings and entertaining. The modern kitchen features plenty of storage and workspace, making meal preparation a breeze. The home sits on a generous .215-acre lot with a spacious backyard, fully enclosed by a privacy fence, offering a quiet oasis perfect for outdoor activities or relaxation. A large storage building in the backyard provides additional space for tools, equipment, or hobbies. With a two-car garage, ample parking, and easy access to Orchard Park, this home blends comfort, privacy, and convenience, making it the perfect place to call home.
Source: ACTRIS #7383759
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.