Immaculate two story open concept four Bedroom Home with front swing three garage in the highly desirable Master Planned Community of Live Oak Creek!! Enjoy the peaceful country setting and beautiful sunsets, backing to a walking trail, with nearby Park, Pond, Playground and Soccer Field! This versatile floorplan offers the option of two Dining or front Office with split Bedrooms, Game Room, Juliet balcony, huge Media Room and walkout Balcony to enjoy the views. From the grand entry, high ceilings and eyebrow arches, to the beautiful wood flooring: you'll find comfort and warmth resonating in every room. The impressive Chef's kitchen features sleek granite countertops, stainless steel Frigidaire built-in Appliances with gas cooktop, an abundance of cabinetry with 42 inch uppers, large seating island and oversized wrap around walk in storage pantry. The spacious living with corner, electric starter gas Fireplace opens to the kitchen and both dining areas, to accommodate large gatherings or tailor to fit your lifestyle. The main En-suite is located on the lower level with bay window, a two sink vanity, center makeup drawer, deep Texas garden tub, over sized shower and big double racked walk-in closet with built-in storage bins. Entry guest half bath and oversized laundry with cabinet, drip dry rod and room for folding table. Three generous sized secondary bedrooms up with Jack & Jill Bath and an additional full bath. Enjoy the wide covered front sitting porch or covered back patio and large wrought iron and wood fenced backyard to unwind or grill, savoring the gentle sounds of nature and the golden glow of the evening sky. Conveniently located to 820, I-20 & I-30, you're just minutes from numerous Restaurants, shops, medical and the vibrant culture of Fort Worth. Enjoy the best of both worlds with tranquility at home and the close proximity of a bustling city life. Schedule your showing today to see this lovely home!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
