2617 Lewisville, TX 75056
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About this home
Well maintained and low-maintenance, this 3-bedroom, 3-bathroom home in the gated community of The Reserve at Castle Hills offers comfortable luxury with thoughtful updates. Brand-new roof installed Oct 31, improvements include two new hot water heaters (Nov 2023), planation shutters, replacing carpet in the bedrooms and hallway with wood flooring, and a hand-forged wrought iron front door that sets a stunning first impression. The kitchen is a chef’s dream with a commercial-grade six-burner gas cooktop, open to the main living area for effortless entertaining. The flexible layout features a private study plus an upstairs game room with wet bar — perfect for movie nights, gaming, or a second living space. The primary suite offers convenience with separate his-and-her walk-in closets and separate vanities. Lots of closets for storage! Covered patio creates the ideal spot for relaxed outdoor living or casual dining year-round. At The Reserves, you’ll enjoy the perfect balance of comfort, community, and active living. Residents have private access to their own fitness center and pool, plus all the incredible amenities of the larger Castle Hills master-planned community. Spend your days exploring over 25 neighborhood parks, seven community pools, and miles of scenic trails for walking, running, or biking. Play a game on the basketball or tennis courts, or enjoy a round at The Lakes at Castle Hills, the community’s award-winning golf course. Nearby, the Castle Hills Village Shops offer great dining, unique shopping, and convenient services. Take a stroll around the lakeside plaza, where you can relax by the interactive fountain and join in on family-friendly events throughout the year. With community centers, a 12-acre fishing lake, a community garden, and endless opportunities to connect. Castle Hills Schools Foundation supports higher education with up to $10,000 in college tuition reimbursement-1,000 to 2,000 awarded per year based on completed college credit hours.
Source: NTREIS #21107735
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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.
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