138 Selma Rd Bowie, TX 76230
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About this home
Charming Lakeview Home on 1.33 Acres at Amon Carter. Ideal for Country Living & Outdoor Enthusiasts! This 4 bedroom, 2 bathroom home offers 2,230 sq. ft. of inviting living space on a fully fenced 1.33 acre lot ready for your animals, hobbies, or simply enjoying the peaceful countryside. With beautiful lake views and only a 2 minute drive to the public boat ramp, this property is great for lake lovers and outdoor enthusiasts. Property Features include an updated kitchen with quartz countertops, 50 newly painted cabinets for ample storage, and new appliances; a beautifully updated guest bathroom; EF5-rated storm shelter located off the master bedroom; 2 car carport; bonus room that could serve as a formal dining area, an additional living area, home office, kids playroom or cozy den; large shop with additional covered parking and a finished out room, ideal as a man cave or extra storage space; sheltered corral for animals, perfect for small livestock or hobby farming. This beautiful property offers so much including plenty of space for entertaining guests and enjoying outdoor living! Enjoy evenings around the firepit area under the stars. With convenient water access and a public boat ramp, you can enjoy boating and fishing with family and friends, or bring your kayak or paddleboard and access to a city park with RV hookups. This home combines country charm with modern amenities and outdoor appeal. Whether you're looking for space, security, or a place to create lasting memories by the water, this property delivers! Only 1 hour commute to DFW and less than 1 hour to Wichita Falls.
Source: NTREIS #20928911
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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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