12409 Arbor Lake Rd, Rhome, TX 76078
4 beds · 3 baths · sqft
Freshly remodeled and move-in ready, this spacious home in the Shale Creek community of Rhome, TX, offers the perfect blend of modern updates and thoughtful design. Conveniently located north of Fort Worth off Highway 114, this home features four oversized bedrooms with walk-in closets, two and a half bathrooms, and a two-car garage. With a layout designed for both comfort and functionality, the home includes two large living rooms, a formal dining room, and a kitchen with a bar counter for seating and a space for a breakfast table. The pantry and laundry room provide plenty of shelving for all your storage needs. The interior showcases a lovely blend of neutral and calming tones, complemented by fresh paint throughout, new luxury vinyl plank flooring, and tall baseboards. The updated kitchen features new quartz countertops, painted cabinets with updated hardware, and a newly added island and extra cabinets for additional storage. Light fixtures, bathroom vanities and fixtures, and the fireplace have all been updated to reflect a contemporary style. The HVAC system was recently serviced, ensuring comfort and efficiency for the new homeowner. Outside, the backyard is thoughtfully divided, allowing for versatile use with one side as a patio or garden space and the other as a dog run, which can be removed at the buyer’s request. A fruit-bearing peach tree adds charm, and a shed provides additional outdoor storage. Nestled in the peaceful town of Rhome, this property offers small-town living with easy access to Fort Worth. Shale Creek is a welcoming community with amenities that include a pool, clubhouse, green space, and a serene pond, perfect for enjoying the outdoors. This home truly combines modern updates with a tranquil lifestyle, ready for you to make it your own.
Source: NTREIS #20794591
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20794591
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: #20794591
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.