601 E North St Wills Point, TX 75169
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About this home
Welcome home to this move in ready gem nestled in the heart of Tiger Country!! Located in an established neighborhood with well maintained roads and bordered on two sides by a peaceful greenbelt. This adorable brick home offers the perfect lend of comfort, charm and convenience. Step inside to discover beautiful luxury vinyl plank flooring and a cozy galley style kitchen with a window to the family room. Oversized rooms, walk in closets and laundry room, trey ceilings, recessed lighting and ceiling fans are just a few of the amenities that stand out. The home features a spacious third bedroom thanks to a well done, permitted garage conversion. Offering flexibility for guests, a home office, playroom or home office space. Enjoy year round worry free comfort with your new HVAC system which was replaced in 2022. Entertain with ease in the large fenced backyard with a covered patio and 6x8 shed, perfect for additional storage or a workshop. Freshly painted with warm, inviting interior paint colors, this home is full of character and functionality. Whether you are starting out or looking to downsize, this well-maintained property provides the ideal setting to live the good life in small town east Texas. Don't miss this opportunity for a solid investment. All window treatments and the shed convey with the property. Furniture is negotiable.
Source: NTREIS #20975802
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Close stress-free in 45 days, handled start to finish by Roam.
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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.