5411 Ranger Dr Rockwall, TX 75032
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About this home
LAKEVIEWS AND SUNSETS! GUEST QUARTERS. Upscale living with fabulous views of Lake Ray Hubbard awaits the new owner in the gated community of Chandlers Landing. Lush landscaping encompasses this home with roses and bird lover's plantings. This wonderful home has the feel of a California beach home. Multiple seating areas for lake viewing. Bright, open floor plan greets you with beautiful, beamed ceiling and walls of windows which bring the outside in. Spacious living areas for entertaining with balcony and endless views. Kitchen area also has views of the lake. Bonus area up for exercise room, grandkids or home office. Master has a posh bath and separate patio for intimate evenings. Additional guest bedroom and full bath on main area. Lower-level offers guest quarters for parents, teens or guests,with separate entrance, breakfast bar, living area, bedroom and bath. Lot 20, to the right of this home, has the same views and size as the home for additional $139,000. It can later be sold and is titled separately. If you are a sailor, fisherman, tennis buff or just a nature lover, you have found your dream home! Enjoy watching the sunsets or star gazing from your balcony. Live where you play!
Source: NTREIS #20957886
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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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