4027 Fairlakes Dr Dallas, TX 75228
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About this home
Experience golf course living at its finest in this beautifully updated home situated on the 5th tee box of the prestigious DAC (Dallas Athletic Club). A 36 hole golf course designed by Jack Nicklaus. This residence, designed with an open floor plan, offers seamless flow for both everyday living and entertaining. The spacious living area features a wall of windows overlooking the course and pond, filling the home with natural light and stunning views. The primary suite is a true retreat with custom built-ins and two walk-in closets, while the spa-inspired primary bath offers comfort and convenience. With three bedrooms and two and a half baths, there is plenty of space for family and guests. Step outside to a massive wood deck that spans the back of the home—perfect for gatherings, outdoor dining, or simply enjoying serene sunsets over the greens. Residents also enjoy front-row views of the spectacular Fourth of July fireworks show hosted by the Dallas Athletic Club. This rare opportunity combines a fully updated interior with a prime golf course location, offering the ultimate in both style and lifestyle. NEW WOOD DECK 2022, REINFORCED STONE WALL 2022, NEW BACKYARD TURF 2024, PRIMARY BATHROOM REMODEL 2024, NEW AC UNIT 2025.
Source: NTREIS #21053250
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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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