152 Fair Haven Ln, Springtown, TX 76082
3 beds · 2 baths · 1,680 sqft
Welcome home to this charming and spacious 3-bedroom, 2-bathroom doublewide, offering comfort, convenience, and plenty of outdoor space! Situated on a fully fenced front and backyard, this home provides both privacy and versatility. Step inside to discover an open-concept living area with a warm and inviting feel, perfect for entertaining or relaxing at home. The kitchen features sufficient cabinet space and modern appliances, making meal preparation a breeze. The primary suite is a true retreat, featuring a generously sized bedroom, a walk-in closet, and an ensuite bath with a soaking tub and separate shower. The additional two bedrooms offer plenty of space for family, guests, or a home office. One of the standout features of this home is its accessibility, including a wheelchair ramp for easy entry. Whether you need it for mobility purposes or simply appreciate the added convenience, this feature makes the home more functional for all. Enjoy outdoor living at its best with both a covered front and back patio—perfect for sipping your morning coffee, hosting gatherings, or unwinding after a long day. The spacious yard provides plenty of room for pets, gardening, or outdoor activities. For added functionality, this property includes an RV hookup, making it perfect for travel enthusiasts or visiting guests. You'll also find two storage sheds in the backyard, offering ample space for tools, equipment, or hobbies. Additionally, the covered carport provides protection for your vehicles and includes an attached shed for even more storage. Whether you’re looking for a peaceful retreat or a place to entertain, this home checks all the boxes.
Source: NTREIS #20870650
Source: NTREIS #20870650
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.