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$566,000 $SIGNI

Sign in to see required down payment for the 4.75% rate

1817 Crooked Ln, Fort Worth, TX 76112

3 beds · 2 baths · 1,776 sqft

This inviting side-by-side duplex offers two unique units, both of which are currently for sale, with Unit 1817 also available for lease. Each unit features three bedrooms and two bathrooms, with well-designed layouts that maximize comfort and functionality. Shared Features: Both units include a master suite with a separate vanity area, a tub-shower combo, and a walk-in closet. Two additional bedrooms, each with walk-in closets, and a separate bathroom on the opposite side of the home for added privacy. Living rooms in both units have a cozy wood-burning fireplace, a spacious kitchen with abundant counter space, and a high bar overlooking the family room, creating an open, inviting atmosphere. Unit 1817 (For Sale and Lease): An additional 477 square feet of space, making it an ideal choice for those seeking extra room. Tile flooring throughout, enhancing durability and ease of cleaning. Includes a game room or den that opens to a private yard. Outdoor features include two storage units and a large pergola-covered patio, perfect for entertaining and outdoor relaxation. Unit 1819 (For Sale): A private porch off the master bedroom, creating a serene outdoor retreat. Carpet throughout for a warmer, cozy feel. Private garage and dedicated parking space for added convenience. This duplex presents an excellent opportunity, whether you’re looking to invest or find a home with income potential. With Unit 1817 available for lease, it's ideal for those who want the flexibility of rental income or a ready-to-move-in space.

Estimated
Seller's interest rate
4.75%
7%
Estimated
Principal & interest
$2,627/mo.
$3,311
You may also save up to $228,579 in total interest paid.

Why Roam


Lower rates and lower down payments

The only homebuying option for you to put 5% down and get a 5% rate.

Closing guarantee

We can close in 45 days or we’ll pay the seller’s mortgage until we close.

Offer acceptance

95% of offers accepted when made with Roam. 5% accepted without.

Have questions? Email support@withroam.com

Financials
Seller’s estimated current equity is $SIGNI
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,627 monthly payment

Financed
$SIGNIN
Location
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Loan details
Remaining term
27 yrs and 10 mos
Loan type
FHA
Rate
4.75%
Monthly P&I
$2,627
Remaining loan balance
$SIGNIN Sign in to view

Source: Public records

Home details
Size
3,075 sqft
Lot size
0.5000 acres
Year built
1984
Type
Multi Family

Source: NTREIS #20769134

Qualify

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.

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.

Resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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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Last updated: Nov 18, 2024 10:46 am
Listing agent: Tuere Harrold-Armstrong
Listing provided courtesy of: 7 Pillars Realty LLC (832) 540-9293
Details provided by NTREIS and may not match the public record.
MLS ID: #20769134
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
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