1601 S Lillis Ln Denison, TX 75020
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About this home
Welcome to your own private retreat! This charming brick home sits on a spacious corner lot shaded by mature trees, offering timeless curb appeal and a welcoming atmosphere. From the moment you arrive, the inviting covered front porch and brick-accented walkway make you feel right at home. Step inside to discover a cozy living space filled with character, featuring a striking stone fireplace, rich wood-paneled ceiling, and built-in shelving that’s perfect for a coffee bar, display area, or extra storage. Natural light pours through the French doors, creating a bright and open feel that seamlessly connects the indoors to your private backyard oasis. Out back, you’ll find a sparkling in-ground pool that’s perfect for cooling off during warm Texas days. Whether you’re hosting a barbecue, lounging poolside, or enjoying a quiet evening swim, this oversized outdoor space is designed for relaxation and fun, waiting to be personalized with your own charm! With 3 spacious bedrooms and 2 full bathrooms , this home offers a comfortable layout ideal for families, first-time buyers, or anyone looking for a home that blends rustic charm with everyday convenience. Located on a peaceful street in an established neighborhood, you’ll enjoy easy access to shopping, dining, parks, and schools. If you’re searching for a home with personality, outdoor space, and a pool, this is the one you’ve been waiting for! Grab your favorite agent and check it out.
Source: NTREIS #21020404
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.