18751 Ridgeline Rd Tyler, TX 75703
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About this home
NOW PRICED $100K BELOW RECENT APPRAISAL OF $620K - AMAZING CURB APPEAL like something from a storybook, is this picturesque two-story home in prestigious Oakbrook Estates sprawled out on 3.558 beautiful acres in Whitehouse ISD!!! Oakbrook Estates is such a wonderful place to live with huge acreage lot estates and gorgeous homes. The entry leads to a staircase with large formal dining room on one side and oversized living room with soaring ceilings, massive fireplace and upstairs loft area. The open concept kitchen is updated and offers granite counters, stainless steel appliances and breakfast area that has a spectacular view! Large master suite with sitting area, his and her sinks, and walk-in closets. Three guest rooms and two guest baths provide lots of space for your family or overnight guests. There is a separate office close to the master suite that could be a great nursery or sitting area. Outside...enjoy spectacular views on the multi-level wood deck overlooking a beautifully landscaped lawn with amazing mature shade trees that provide privacy from the neighbors. Many updates over the past 5 years including painting, kitchen remodel with new appliances and counters, new flooring throughout, new AC units and cleaning ducts, new water heater and Dogwatch underground electrical fence. Enjoy a country setting that is only minutes to shopping, restaurants, entertainment, and highly-rated medical facilities in South Tyler. Welcome to YOUR new home!
Source: NTREIS #21013449
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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.