700 Lake Vista Ln Lavon, TX 75166
Your savings
About this home
Discover the perfect blend of spacious interior comforts and ideal outdoor amenities in this charming four-bedroom, two-bath residence in Lakeridge Meadows. Situated on an acre lot, just around the corner from Lavonia Park, this home offers more than just a place to live— it's a gateway to lakeside adventures and serene living. Step inside to experience a great floor plan that promotes an effortless flow from room to room, creating an inviting atmosphere for entertaining or quiet family evenings.The living room is a welcoming space with a beautiful fireplace that serves as the focal point and the thoughtful split-bedroom design maximizes functionality and privacy. The kitchen features a gas stove and an island, making it both functional and stylish. It’s perfect for meal preparation and hosting guests, offering ample counter space and storage. The primary bedroom boasts dual sinks, a separate tub and shower as well as an oversized closet. Exterior features include great curb appeal, enhanced by a spacious covered front porch and a covered patio in the backyard, perfect for relaxing or hosting gatherings. Mature trees are scattered throughout the property, offering shade and adding to the overall tranquility. Complete with a 24' X 31' carport, perfectly suited for storing your boat, ATVs or other recreational vehicles. Additionally, the home is equipped with Generator hookup and a RV hookup, making it truly versatile for all your lifestyle needs. This home not only meets but exceeds expectations for those seeking a lake-adjacent lifestyle, promising both comfort and convenience.
Source: NTREIS #20973778
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.