1302 Chippewa Ct Corinth, TX 76210
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About this home
This beautiful house located right by Lake Sharon is a rare opportunity to get yourself a corner lot on a cul-de-sac. This house has all the bells and whistles with 5 spacious bedrooms, 4 full baths, home office, media room, third car garage, formal living and dining rooms, a massive backyard, and a beautiful patio and pool! Updates include brand new carpet in all spaces, new paint throughout the house, and new roof installed in 2024. Air conditioning units and water heater have been well maintained and replaced in the past few years. Upon entering you will be wowed by the double height ceiling leading into the living room of the house. As you walk by the formal living and dining spaces, you are greeted to the large family living room with a floor to ceiling stone fireplace. The chef's kitchen has stainless steel appliances, granite counters, gas stove, and plenty of storage with a breakfast nook with a view of the pool. A full guest bathroom is located on the bottom floor. Upstairs you will find an open game room, media room, 4 spacious bedrooms, and 2 full baths with access to all rooms. The attic door leads you out to a massive amount of decked space for extra storage. The backyard is the perfect place to relax with guests with a covered canopy by the pool, plenty of yard space, and built-in gardening beds. As you make your way past the pool waterfall and attached hot tub you will find lots of space to gather for a perfect pool party. The open backyard also contains a wooden shed for all your necessities. The garage has epoxy flooring and is roomy with plenty of storage space and the third car garage comes with a separate entrance for additional access to the space. Come schedule a tour to see this gorgeous property. This will not last long!!
Source: NTREIS #21058137
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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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