6105 Chickasaw Dr Mabank, TX 75156
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About this home
Don't miss out!!! This property is close to the lake and qualifies for a USDA loan. discover this beautifully updated 3-bedroom, 2-bathroom home, thoughtfully designed for modern living in the heart of Mabank, Texas. This residence boasts a tasteful blend of comfort, style, and convenience. Step inside to be greeted by fresh paint and luxury vinyl plank flooring, seamlessly connecting the main living areas. The bedrooms offer plush carpet flooring, providing a soft and cozy retreat for relaxation at the end of the day. The heart of the home lies in the kitchen with its elegant granite countertops, creating an inviting space for culinary creativity. This kitchen is as functional as it is beautiful. The thoughtfully designed layout promotes efficient use of space while maintaining a welcoming atmosphere for dining and entertaining. Both full bathrooms feature contemporary tile floors, reflecting quality and attention to detail. The primary suite is your personal haven, with a private bathroom. The exterior of the home has great curb appeal with its classic brick detailing along the bottom wall, harmonizing beautifully with durable siding reaching to the roofline. Set in a charming neighborhood, this property offers both convenience and comfort, with easy access to local amenities, schools, and recreational opportunities. This inviting home awaits those seeking to enjoy the best of Mabank living, all within an expertly updated abode that marries style with practicality.
Source: NTREIS #20974283
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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.