2341 Oak Leaf Trl Cleburne, TX 76031
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About this home
VA ASSUMABLE LOAN AT 3.25%!!! JOSHUA ISD..... BEAUTIFULLY UPDATED 4-BEDROOM HOME ON .50 ACRE - NO HOA!! LOTS OF TREES!! Welcome to this beautifully updated 4-bedroom, 2.5 bath home nestled in a well-established, peaceful neighborhood with NO HOA restrictions! Perfectly situated on a generous half-acre lot, this property offers the space and privacy you've been searching for, along with the comfort of modern upgrades throughout. Step onto the over-sized covered front porch - an ideal spot for morning coffee or relaxing evenings. Inside you'll find a spacious open concept living area and dining area, including a bright kitchen with plenty of cabinet space, granite countertops, stainless appliances and a perfectly placed kitchen island with additional storage, and thoughtfully designed finishes that blend charm and functionality. Wait until you see the extra large Primary Bedroom, with an area perfect for your favorite reading chair. Enjoy your fabulously large primary ensuite bathroom, featuring a large walk-in closet, separate large shower, double sinks and a garden tub. The HVAC system, water heater and appliances have all been updated in recent years. With all of this space, there is also a great place to park your RV, along with an added area and a long driveway for addtional parking. Whether you are looking to spread out, entertain, or simply enjoy some elbow room, the expansive yard and large covered back patio provides privacy and endless possibilities - room for a garden, outdoor family BBQ gatherings or future additions. Located in a quiet, desirable community with mature trees and a welcoming feel, this charming home offers the rare combination of land, location, comfort and privacy!! This home has it all!!!!
Source: NTREIS #21023784
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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.