1316 Parkers Draw Ave, Weatherford, TX 76086
4 beds · 2 baths · 2,000 sqft sqft
This is the perfect semi-custom home on a corner lot with 4 bedrooms, amazing kitchen & large living area in a small subdivision of Parkers Draw, with easy access to I-20, shopping & restaurants galore! Home was designed with an open-concept & has the modern farmhouse look inside* The kitchen has an oversized island with filtered water, electric range, Basketweave Subway tile backsplash, walk-in pantry, & flows seamlessly into the dining and living areas*The refrigerator in the kitchen can convey with the house, if desired! Living area has a wood-burning fireplace, decorative lighting, and the latest in paint colors*The home features 10-foot ceilings and wood-look tile flooring throughout the main living spaces*The primary suite is on the back of the house and has an ensuite bath with garden tub, separate shower, and dual sinks*The secondary bedrooms have 3-way split and most have walk-in closets*Additional highlights include granite countertops in baths, large utility room with sink, & a two-car garage. The beautifully landscaped property has full gutters, a sprinkler system, and a fenced backyard for privacy. Wright Elementary School is a 5 minute walk away, & Hall Middle School is a 5 minute drive away. Easy access to I-20 allows for about a 30-minute commute to Downtown Fort Worth*This one might be the perfect home for YOU!!
Source: NTREIS #20765335
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20765335
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: #20765335
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.