3812 Red Oak Trl The Colony, TX 75056
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About this home
Motivated Seller! Beautifully updated and move-in ready, this 4-bedroom, 3.5-bath home is situated in the highly desired Stewart Peninsula community—just steps from Lake Lewisville on a cul-de-sac lot. Fresh paint, luxury vinyl plank flooring, plush carpet, modern lighting, new blinds, and ceiling fans enhance the inviting open layout. A soaring two-story entry sets the tone, while double French doors open to a private office. The spacious kitchen showcases stainless steel appliances, granite counters, ample cabinetry, a center island, and breakfast bar connecting seamlessly to the comfortable living room with gas fireplace—ideal for entertaining or everyday relaxation. A formal dining room and sunny breakfast nook provide options for both casual and elegant meals. Upstairs, the generous primary suite includes a walk-in closet and spa-like bath with dual vanity, jetted tub, and separate shower, creating a true retreat. A large game room and three additional bedrooms offer space for family, guests, or hobbies. Step outside to your backyard oasis featuring a sparkling pool, spa, and included patio furniture—perfect for enjoying sunny Texas days in privacy. Stewart Peninsula residents benefit from exceptional amenities such as two community pools, golf, playgrounds, scenic trails, and a private boat ramp. With Grandscape, shopping, dining, and entertainment only minutes away, this property blends comfort, lifestyle, and location. Schedule your showing today to experience it firsthand!
Source: NTREIS #21057318
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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.