101 Big Oak Ln, Weatherford, TX 76085
4 beds · 3 baths · 2,546 sqft
Luxury country living in small secluded community. This 4 bedroom 3 bath home, open floor plan with barrel ceiling in the entry, crown molding and granite throughout. As you pass Formal Dining enter Living room with gorgeous stone fireplace and large windows for lots of light. Open to impressive bar top to enter kitchen with room for whole family. Kitchen equipped with SS appliances, island, large pantry, tiled backsplash, pot filler and breakfast area. Primary bedroom is grand. Primary bath with a jet tub, dual vanities, separate shower, and walk in closet. Three additional bedrooms. One used as office with beautiful view of neighborhood pond. Large covered patio, wood burning fireplace and tons of room for furniture to enjoy nights outside. Complete with 3 car garage and separate storm shelter. One yr old 2 stage HVAC system, ROOF, and H2O heater. Upgrades: water softener, copper awnings. Just 10 mins away from Hudson Oaks-Costco. Three mins to Rick Williams for quick access to I20
Source: NTREIS #20681776
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20681776
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What 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.
MLS ID: #20681776
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.