2379 Vz County Road 3810 Wills Point, TX 75169
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About this home
Wide Open spaces in your next adventure of owning an RV Park! Unleash your inner cowboy or cowgirl at 2379 Vz County Road 3810, Wills Point, TX, where rustic charm meets modern convenience! This delightful 2-bedroom, 2-bathroom home is nestled on a sprawling 10-acre property that whispered “potential”—it shouts it from the rooftops because there is now an amazing RV opportunity ready to be realized! Everything is ready to run your own RV Park, with 28 spots ready to go! Lake Tawakoni State Park is a short 3 mile drive where you can enjoy 376 acres of everything it has to offer. There are no restrictions for this venture. As a home owner, or park manager, imagine sipping your morning coffee while lounging by one of the serene ponds. The fire pit is calling your name, or play Corn Hole. There is a 4 stall barn to board horses, or put cattle out. This has so much potential for the owner ready to get down and manager the RV Park that is ready to go! It is a perfect spot for those spontaneous road-trips, monthly or seasonal campers with endless income opportunities. There is an on-site laundry and showers that make life a breeze to be completed by the new owner as an additional laundry and shower facility. The home itself, a charming farmhouse with an open-concept design, offers the perfect blend of cozy and functional. Are you ready to saddle up and experience the unique blend of tranquility and adventure? This is your opportunity to enjoy this rural and rustic paradise!
Source: NTREIS #21002834
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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.