713 Rosemary Quinlan, TX 75474
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About this home
FOUNDATION REPAIR WITH TRANSFERABLE LIFETIME WARRANTY + NEW FLOORS!!! QUIET COUNTRY LIFE MEETS LAKE LIVING ON LAKE TAWAKONI!! This could be a great AirBnB opportunity, second getaway home or primary home! This beautiful 1 story ranch-style home offers the perfect blend of peaceful privacy and lakeside charm. Situated on two spacious lots totaling .37 acres, this 3 bedroom, 2.1 bath retreat features 2,201 sqft of thoughtfully designed living space. Enjoy breathtaking sunset views over Lake Tawakoni from the front porch, or unwind on the back porch swings, surrounded by singing birds and blooming landscapes. Set atop a gentle hill, this home offers both lake access and private boat slip availability - a rare and coveted combination! Step inside to discover modern touches throughout including: Quartz countertops and bright blue cabinetry in a stylish kitchen, A large eat-in island, perfect for entertaining, A cozy breakfast nook and a spacious dining area for gatherings, Luxury vinyl plank flooring and modern lighting, A sleek electric fireplace adds warmth and style to the living space, A private flex room ideal for a home office, playroom, or second living area. The expansive yard is ideal for weekend cookouts, roasting marshmallows around a firepit, stargazing, or simply enjoying the peace and quiet of country lake living. Whether you’re looking for a serene full-time residence or a relaxing weekend escape, this home delivers the best of both world - quiet country life with the perks of lakefront access. DON'T LET THIS RARE GEM PASS YOU BY!
Source: NTREIS #20953750
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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.