218 Island View Dr Pottsboro, TX 75076
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About this home
Welcome to 218 Island View, a fully remodeled custom home in highly desirable Russwood and sitting on one of the highest points on the lake where you can enjoy amazing panoramic views of Lake Texoma from every angle! This is one of the rare homes on the lake where the view is so expansive that you get to enjoy both sunset & sunrise views! As you enter the home, you are greeted with a solid iron double door, luxury finishes, designer fixtures & the latest trends in modern design. The main living area features a professionally designed 18 foot wide seamless wall of glass to capture the beautiful lake views, hardwood flooring, custom remote controlled shades & a romantic dual sided stacked stone fireplace! The luxury kitchen has been tastefully remodeled with white shaker style cabinets, custom hardware, quartz countertops against subway tile backsplash, stainless appliances that include double ovens & wine fridge & a large center island with extra seating that is perfect for entertaining! Hardwood flooring continues into the primary suite with wall of glass from sliding patio door to capture the lake views, fireplace & completely remodeled bath that reminds you of your favorite luxury spa with custom vanity, modern tub & large walk in shower with custom tile work & modern fixtures! Downstairs features a large second living area or game room with a wet bar, two additional bedrooms & a full bath! Outside features newly refinished 40x20 wrap around deck, multiple entertainment areas, flagstone walkway and patio with direct access to the game room, large grass area with Zoysia grass, irrigation system, private dog run and under deck storage area! Additional upgrades include new Aerobic septic system in 2018, new paint throughout, plantation shutters, new windows in 2021, concrete 3 car parking pad & access to neighborhood boat ramp! Dont miss this opportunity to experience luxury lake living at its finest with one of the best views on the lake!
Source: NTREIS #21069545
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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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