SELLER FINANCING! (Details below.) Remodeled single-family brick home near downtown! Walk to grocery store, Denison HS football games, and restaurants! Built in 2009, this house features a 2-car, rear-entry, attached garage, plus an additional shed for added storage. Completely new paint and flooring throughout living areas and bedrooms in 2025. Entirely new HVAC system in 2026. The galley kitchen is highlighted by granite countertops and stainless steel appliances. Many other features including a master suite with gorgeous new bathroom tile and dual walk-in closets, a fireplace in the living room, and a spacious laundry room.
Cash to close is 10% down payment ($25,000) plus closing costs. The first year is 4% interest, and the next 29 years are 8% interest. There is NO balloon payment! Pre-payment penalty of 3% of the amount of the loan ONLY if paid off within the first 3 years after purchase. Tenant occupied through May 31, 2027 at $1760/month. Tenant is extremely stable and reliable, but paying under market value.
For principal and interest, payments are $1075 for the first year, then $1650 thereafter. Exact payments to be determined based on final details of contract. Buyer is responsible for property taxes and homeowners insurance, which are required to be escrowed. Servicing will be handled by August REI at cost of $35/month, paid by the buyer.
Buyer should not approach property without permission of seller. Showings will only be offered with an executed contract due to current occupancy status. This is a mortgage “wrap”. Buyer should do their own due diligence on all aspects of the property. Lease with current tenant will convey, per Texas Property Code. Lawn service is provided to tenants twice a month for all months EXCEPT November, December, January and February. Professional property management services can be provided (negotiable) while current tenant occupies the property. Seller is licensed mortgage loan originator in state of Texas.