100 Ellis Pond Ct, Weatherford, TX 76085
4 beds · 2 baths · 2,625 sqft
Welcome to this stunning home in Weatherford, TX, nestled on a spacious, corner lot with beautifully landscaped grounds and mature trees that provide both beauty and privacy. The backyard is fully fenced, offering a peaceful retreat for outdoor activities and relaxation. Inside, you'll find a formal dining room perfect for hosting gatherings, or it could be used as a home office. The large living room has a cozy stone, wood-burning fireplace, creating a warm and inviting atmosphere. The home features 4 spacious bedrooms and 2 bathrooms, providing ample space for family and guests. The kitchen is a chef’s dream, with an island, perfect for meal prep, a walk in pantry and a butlers pantry. The main living areas boast elegant hand scraped hardwood floors and ceramic tile, while the custom plantation shutters add a touch of sophistication throughout. A three-car garage provides plenty of room for vehicles and storage. Enjoy frequent visits from deer and also viewing the ducks, geese and turtles at the nearby pond. Located just minutes from downtown Weatherford, this property offers the best of both worlds – the convenience of being close to local amenities, yet the feeling of being far away from it all, surrounded by nature and tranquility. A true gem in Weatherford!
Source: NTREIS #20880501
Financials
Source: NTREIS #20880501
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.