5824 Boone St Sachse, TX 75048
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About this home
Historic Elegance Meets Modern Comforts in Sachse Discover a rare gem in Sachse, TX, with this meticulously restored 1900s prairie style home. The prairie style home was originally designed by the renowned Frank Lloyd Wright. This distinctive residence beautifully marries historic charm with contemporary updates. Featuring 4 spacious bedrooms and 2 full bathrooms, every detail of this home has been thoughtfully crafted and lovingly updated to reflect its early 1900s origins. Upon entering through the striking mahogany front door, be captivated by the exquisite exotic hardwoods that sweep through the entire home. Black wormy Brazilian Walnut, Teak, and Acacia woods add a touch of sophistication, while solid wood walls, some accented with shiplap and wood siding, enhance the home's historic integrity. The heart of this home is its open kitchen, featuring solid maple butcher block countertops that echo the craftsmanship of yesteryear. A 24x16 insulated building, finished with hot and cold air, provides a perfect space for a game room or dedicated workshop, catering to the needs of hobbyists or those seeking additional living space. Outdoor living is equally impressive, offering a serene retreat with a spacious deck and a 20x12 pergola ideal for entertaining. The beautifully landscaped yard includes an 18x18 paver patio, perfect for enjoying sunny Texas afternoons. Enhanced with low E double-paned windows throughout for energy efficiency and comfort, this home also boasts a unique red rock granite driveway, providing ample parking. Experience the perfect blend of history and modernity in a home that truly epitomizes grace and style. This property stands as a testament to timeless design and is ready to create new memories for its fortunate owners.
Source: NTREIS #20966242
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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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