107 Summer Stone Ct, Weatherford, TX 76087
4 beds · 3 baths · 2,365 sqft
This custom one-story home in the sought-after Brock ISD sounds like a dream! Set on a spacious 1-acre lot, the home offers a peaceful neighborhood feel, yet close to shops, restaurants, and has easy access to I-20. The tall ceilings, open spaces, and hand-scraped hardwoods create a warm, inviting atmosphere. The private study with custom built-ins and solid wood barn doors adds a touch of elegance, while the kitchen, equipped with modern appliances, custom cabinetry, and granite countertops, is perfect for anyone who loves to cook and entertain. The living area, with a wood-burning fireplace and beautiful woodwork, provides the perfect space for family gatherings. The primary suite sounds like a retreat, complete with tray ceilings and a spa-like bathroom featuring dual sinks, a soaking tub, a large walk-in shower, and a spacious walk-in closet. The secondary bedrooms are well-sized and thoughtfully arranged, with a separate mother-in-law suite wing for added privacy. The backyard oasis is equally impressive, offering a peaceful escape with rolling greenery, trees, a covered patio, and gardens full of fresh veggies and fruit trees. Plus, the property's water well, water softener system, and aerobic septic system are fantastic bonuses that ensure convenience and efficiency. With all these features and more, this home seems like a perfect blend of comfort, style, and practicality!
Source: NTREIS #20825421
Financials
Source: NTREIS #20825421
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.
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