4137 County Road 1600 Alba, TX 75410
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About this home
Two Adjacent Parcels – One Exceptional Opportunity Near Lake Fork! Discover the perfect blend of luxury living and wide-open space with these two side-by-side parcels in Alba, Texas — offered together for one price! MUST BE SOLD TOGETHER Parcel 1 (ID 11550): MLS 20992248 This stunning custom home sits on 2 acres in a gated community, just minutes from world-class fishing at Lake Fork. Featuring 3 spacious bedrooms, 2.5 bathrooms, and an oversized 3-car garage, this home is designed for comfort and convenience. The chef’s kitchen boasts granite countertops and overlooks the inviting living and dining areas — perfect for entertaining family and friends. Upgrades include: Vaulted ceilings in the primary suite with crown molding throughout Built-in gun cabinet in the primary closet Automatic closet lighting and built-in linen closet Cozy fireplace in the living room Bonus game room for fun and relaxation Sprinkler system, 500-gallon buried propane tank, Generac whole-home generator AC and water heater are only 3 years old Beautifully landscaped with plenty of room to enjoy the outdoors Parcel 2 (ID 136217): MLS 20992277 Right next door, enjoy 7.587 acres of open land featuring a scenic pond — ideal for recreation, gardening, or simply expanding your private retreat. Build your dream workshop or enjoy the natural beauty — the possibilities are endless! Combined Highlights: Total of 9.587 acres (2 acres with home + 7.587 acres land with pond) Must be sold together — one price, two parcels Minutes from Lake Fork — known for trophy bass fishing and lake recreation Peaceful, gated community living with additional unrestricted acreage Whether you’re looking for the perfect country homestead, a weekend getaway, or a private estate near the lake, this rare offering has it all. Schedule your private tour today!
Source: NTREIS #20992248
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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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