5205 Hidden Creek Rd Garland, TX 75043
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About this home
PRICE IMPROVED!!! THIS LISTING HAS A 3.5% ASSUMABLE LOAN. This beautiful east facing home is just minutes from I-30, PGBT and Lake Ray Hubbard in Garland, TX, the spacious home offers 5 bedrooms and 4 full bathrooms as well as multiple living spaces, comfort, and versatility for today's lifestyle. You will also find a private office at the front of the home—perfect for working remotely or managing daily tasks. The main level features a thoughtfully designed layout with TWO secondary bedrooms, each with access to a full bathroom, as well as a large high-ceiling primary suite complete with dual sinks, a soaking tub, a glass-enclosed shower, and a walk-in closet. The living room has two story ceilings, creating an airy and open atmosphere with lots of natural light. A cozy fireplace anchors the space, which flows seamlessly into the kitchen and breakfast room. The kitchen is outfitted with a breakfast bar, ample cabinetry, and a walk-in pantry—ideal for everyday living and entertaining. A separate formal dining room adds an elegant touch for hosting guests. Also on the main floor is a laundry room and access to a fenced backyard, with a covered back porch—perfect for relaxing or grilling year-round! Upstairs, enjoy a loft area, two additional bedrooms with a shared Jack-and-Jill bathroom, a spacious game room connected to a media room, perfect for movie nights or gaming. ADDITIONAL FEATURES: The home also offers Tesla Solar Panels (with app connectivity), newer roof, replaced in Aug. 2024, EAST FACING for plenty of natural morning light and high ceilings allow for lots of natural light throughout the entire home. THIS HOME IS IN A SCHOOL CHOICE DISTRICT (Option to select school). REFRIGERATOR, WASHER AND DRYER CONVEY. This home has it all—size, function, and location. Don’t miss the opportunity to make it yours! DISCOUNTED RATE OPTIONS AND NO LEANDER REFINANCING FEE FOR FUTURE REFINANCING MAY BE AVAILABLE FOR QUALIFIED BUYERS FOR THIS HOME!
Source: NTREIS #21028211
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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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