7020 Bayou Trail Dr Alvin, TX 77511
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About this home
***Dreamy Country Home w/Pool & Shop*** Where Rustic Meets Refined! Located in Desirable Bayou Trail Estates. Quiet & Quaint Acreage Community. This Beautiful Home Has it All. Stone Front Porch Elevation Make for Beautiful Curb Appeal. No Back Neighbors. 3 Car Garage. Amazing Split Floor Plan. Tall Ceilings. Ample Natural Light Throughout. Gorgeous Granite Island Kitchen. Premium Lighting & High-End Appliances. Deep Farm Sink. Abundant 42" Cabinetry w/Ample Counter/Storage Space. Gas Log Stone Fireplace. Spacious Master Retreat w/Huge Custom Master Closet. Separate Tub/Shower & Dual Vanity. Safe in Master Closet Can Stay. Crown Molding & Coffered Ceilings. Wine Room. Sun Room. Home Office/Study w/French Doors. Huge Covered Back Patio. Spectacular Inground Pool & Hot Tub. Firepit. 30x45 Metal Shop w/50 Amp Hookup for RV. 45x10 Lean To at Shop Side. 30x20 Overhang at Front of Shop. Generous Room Sizes & Exceptional Entertaining Capabilities. ***This is the One You've Been Waiting For**
Source: HAR #52987138
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45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
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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.