745 Oakland St Grand Prairie, TX 75052
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About this home
Welcome to your next great investment or personal project in the Cross Timbers neighborhood of Grand Prairie, TX! This 3-bedroom, 2-bathroom home offers a spacious layout and good bones, ready for your personal touch and creative vision. With a little TLC, this property has the potential to shine as a cozy family home, a profitable rental, or a smart flip! Situated in a quiet, established neighborhood, you'll enjoy tree-lined streets, friendly neighbors, and easy access to major highways including I-20, SH 360, and President George Bush Turnpike. Commutes to Arlington, Dallas, or Fort Worth are a breeze! Nearby Highlights - Epic Waters Indoor Waterpark – year-round family fun just minutes away, Lynn Creek Park at Joe Pool Lake – enjoy boating, fishing, trails, and lakeside picnics, Grand Prairie Premium Outlets – shop major brands at great prices, Texas Trust CU Theatre & Lone Star Park – entertainment, concerts, and live racing nearby. Leisure & Lifestyle - Spend your weekends exploring local parks and trails, catch a ball game at Globe Life Field or enjoy thrilling rides at Six Flags Over Texas—all just a short drive away. The city of Grand Prairie is known for its rich community events, family-friendly activities, and award-winning park system. This home is priced below market to reflect its current condition—giving you room to build equity quickly. Options to personalize include: Updating the kitchen and baths, Refreshing flooring and paint, Expanding outdoor living spaces or adding a garden oasis Whether you're a first-time buyer looking to customize your dream home, an investor seeking value, or a DIY enthusiast ready for your next project, this is your opportunity to create something special. Don't miss your chance to own in one of Grand Prairie’s most convenient and connected neighborhoods. Bring your vision—and make this house your home! Schedule your private tour today and imagine the possibilities!
Source: NTREIS #20945740
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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.