1510 Balcones Ln Graford, TX 76449
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About this home
This immaculate 3 BDR 2 BATH one story home at The Hills above Possum Kingdom Lake is nestled on a tranquil two acre property at the end of a cul-de-sac. Plenty of privacy with the sights of wildlife all around including deer, turkey, roadrunners, and a myriad of birds. You will enjoy the sights of butterflies and birds enjoying the variety of flowering bushes and trees around the beautifully landscaped land. This house has been impeccably maintained. Open concept living, dining, and kitchen area with huge windows that line the back of the house for full enjoyment of the natural surroundings. The scratch proof and waterproof laminate throughout the house is dog and kid friendly. Some of the other unique features of this house inlcude: 900 linear feet of invisible fence to keep animals in and others out, 200 feet of an attractive stone swail that allows for water control and drains into a creek in the back of the property, extra large kitchen island, kitchen appliances updated to KitchenAide approx one year ago, microwave is a convection oven & microwave combo which can serve as a second oven in the kitchen, and hand scraped hardwood floors in secondary bedrooms. You will also enjoy the upscale amenities that come with living at The Hills including the gorgeous community infinity swimming pool and clubhouse, community lake cabin and boat dock, and community pond and boat storage. This is a great time to come out and look at this beautiful property as temperatures are finally cooling down!
Source: NTREIS #20972505
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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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