121 Private Road 3814, Springtown, TX 76082
3 beds · 2 baths · 1,407 sqft
Country Roads Take Me Home! Escape to a peaceful rural retreat at this charming barndominium on over 4 acres! This rustic hideaway is surrounded by mature trees, offering plenty of privacy, cabin ambiance, and country charm. Inside, you’ll find cedar-lined walls, wide plank yellow pine flooring, and vaulted, exposed beam ceilings for a warm, inviting feel. The spacious primary suite is a true sanctuary complete with an ensuite bathroom featuring a luxurious jetted tub and separate shower, while two additional bedrooms share a unique bathroom featuring a genuine barrel sink adding to the home's rustic character. This property is designed for true country living with several versatile outbuildings, including a 9x9 covered metal shelter for animals or equipment storage, a 12x12 chicken coop, and a 16x30 workshop complete with electricity and water. The workshop is a dream for hobbyists or those with livestock, offering a spacious 20x16 area with a rubber mat floor to park an automobile or convert to stalls with a 15-foot sliding door. A separate 12x16 room on a slab houses the well with a 5-foot door for easy access. Relax and enjoy the outdoors on the expansive covered 8-foot front and back porches, where you can observe abundant wildlife including deer and turkeys. The property includes a deep water well with a recently updated pump and partial pipe fencing along the road frontage with materials provided to finish. Don’t miss your chance to own this beautifully appointed rural retreat, where every detail has been thoughtfully designed for an idyllic country lifestyle! Located in Springtown ISD with an easy commute to local shopping and dining. Metal home with Spray Foam Insulation per seller.
Source: NTREIS #20768558
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20768558
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: #20768558
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.