4031 Burleson Retta Rd Burleson, TX 76028
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About this home
Multi-Generational Haven - 2-Acre Country Estate with Income Potential and Sustainable Living. Welcome to your dream property nestled in the acclaimed Mansfield ISD! This estate offers the perfect blend of space, privacy, and opportunity, making it ideal for those seeking room to roam with the convenience of nearby amenities. Set on 2 fully fenced acres with gated entries, this versatile property features a resort-style outdoor oasis complete with a gunite diving pool, rock waterfall, and composite wood sun deck. Expansive covered back patio provides the perfect setting for entertaining or relaxing. An outdoor kitchen enhances the space, ready for memorable gatherings and cookouts. Car enthusiasts and hobbyists will appreciate the 2,567 SF metal workshop, featuring six covered parking spaces, a half bath, with ample storage and workspace. Additional parking areas can accommodate boats, RVs, and more. The main home offers a spacious and flexible floorplan with 5 bedrooms, 2 living areas, 2 dining areas, and a split layout ideal for multifunctional living. The heart of the home is the open-concept kitchen and family room, perfect for everyday living and entertaining. Embrace sustainable living with the option to add horses, chickens, goats, ducks, and donkeys on the property. Water and utilities extend beyond the main house, and additional structures may be constructed to suit your needs. An added bonus is the 1,450 SF detached ADU (Accessory Dwelling Unit)—a versatile space with income-producing potential. Utilize it for short-term rentals, long-term leases, or multigenerational living. The unit includes a private bedroom, large living area with a wrap-around bar, full kitchen, full bathroom, and a separate entry for privacy and convenience. Whether you're seeking a personal retreat, an investment opportunity, or a space to accommodate your lifestyle, this incredible property checks all the boxes! Make it yours with the assumable 5.25% VA Loan.
Source: NTREIS #20859229
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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.