473 Westway Dr S Bullard, TX 75757
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About this home
Experience luxury, lakefront living at its finest with this remarkable property boasting 287 ft of Lake Mayo’s shoreline. A custom home that has been thoughtfully designed for comfort, entertaining, and functionality, blending refined finishes with modern conveniences. Secluded and landscaped 4.39 acres, an aggregate driveway extending from the road to the circular parking area welcomes you to the residence, along wit a 3 car garage is easily accessible. The garage features finished out walls, insulated doors, built-in cabinetry, and AC. A 30’ x 60’ insulated, metal shop & RV garage with full RV hookups and AC offers incredible space for hobbies, vehicles, or storage. Step inside to discover the first floor with 2 primary bedrooms with en-suite bathrooms, perfect for mother-in-law quarters. Hickory wood floors throughout the downstairs, solid knotty Alder doors, plantation shutters, and soaring 9’ ceilings compliment this home. Commercial grade kitchen was fully remodeled, equipped with new appliances and lighting throughout the home. The living area highlights large, picture windows with views of the backyard paradise and cozy, stone fireplace for cool evenings. Upstairs provide a 2nd living, 2 bedrooms with en-suite bathrooms, large storage room, a workout room & ½ bathroom. For those that work from home this property offers fiber optic internet and 2 offices with custom built-ins. A complete home sound system extends to the outdoor bar, complete with a full bath, ice maker, 5-foot beer fridge, grill, griddle, and full size fridge freezer, heated, chlorine pool and hot tub. Additional premium features include spray foam insulation, 2 tankless water heaters, generator for peace of mind that runs the entire home and pool. Deep well and lake-fed systems for irrigation. Mosquito misting system and hard-wired camera security system. Whether you’re entertaining, hosting family gatherings, or providing a corporate retreat let’s make this oasis dream your reality.
Source: NTREIS #21078936
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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.