18488 County Road 543 Nevada, TX 75173
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About this home
Bring your goats and chickens, no restrictions on 1.46 acres and charming modern two-story farmhouse with four bedrooms and bonus room over garage. The front porch overlooks the property, ideal for evening sunsets or a cozy read. Ramble over to neighbors and visit their livestock. Inside, the family room is highlighted by natural and recessed lighting, carefree sealed concrete flooring and includes a wood burning fireplace for those homey winters. Smartly designed with an open floor plan ideal for family gatherings and a dining room overlooking the acreage. Efficient kitchen workflow is highlighted with granite counters and island for food preparation and conversations that will warm the heart of this home. The laundry room includes built-in cabinets, sink, closet, and a drip-dry area. Primary bedroom is downstairs featuring luxury vinyl plank and an bath with a walk-in shower. The secondary bedroom downstairs is carpeted, with a closet, and can be utilized as a small den. Upstairs, two secondary bedrooms, adjoining full bath. There are two attic access points with floored areas for storage and two AC systems. The garage accommodates parking for two cars or can be utilized as a workshop, with the additional covered parking and an extended driveway. The insulated garage features built-in shelves, a single overhead door, and is set on a concrete pad. It is powered by 110 volts and can be upgraded to 220 volts. Above the garage is a 200 sq. ft. air-conditioned bonus room, finished out, suitable for an office or game room. The spacious backyard includes a deck perfect for summer barbecues. An iron gate and fence separate the back play yard from the acreage, making it an excellent space for pets and small children. Recent updates include new paint, re-freshed front door, water softener, dishwasher, AC 2024, roof 2019. Smart house includes security system, wireless connectivity, smoke and carbon monoxide detectors, recessed LED lighting, and other modern amenities.
Source: NTREIS #20998640
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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.
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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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