1 of 40
$620,000

4025 Rockbridge Dr, Weatherford, TX 76085

4 beds · 3 baths · 2,633 sqft sqft

POOL!!! Come and see this beautiful home located on a much desired corner lot on over an acre. Nearly new home with only one owner. The entry way leads into the living room revealing the open floor plan and the large bright kitchen. The granite countertops and the large island are perfect for family gatherings or hosting events with friends. The wood beams in the large living room compliment the stone, wood burning fireplace, making for a cozy retreat after a long day of work. Send the kiddos to play in the large game room in the back of the house or to one of the three large bedrooms on the opposite side of the Primary bedroom. The Primary bedroom and large en-suite bathroom are a perfect sanctuary to end your day. There is an oversized laundry room with plenty of storage options. Work from home? Not a problem. Handle all your business in the spacious office situated near the entryway, closed off by French doors. But wait...there's more...let's talk about the POOL! The pool was recently installed and party lights give it that extra fun feature for night swims. The extended, covered, back patio offers plenty of space for the whole family to enjoy. Recent landscaping throughout the property adds wonderful curb appeal. The owners added an extended driveway and an RV pad with a 30W hookup. Fencing was also added to keep your critters in and other critters out. A wonderful kid's park is directly across the street with a clear view from the backyard. Tour this property today!

Interest rate 3
2.8%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,635
With Roam
$2,430
Reduce your monthly payments by $795 when you assume this mortgage.
You also save $256,083 in total interest paid.

$250,117
Edit

You may be able to put down less than the total down payment amount of $250,117 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
2,633 sqft
Lot size
1.0260 acres
Year built
2021
Type
Single Family Residence

Source: NTREIS #20749811

Loan
Remaining term
26 years, 10 months
Rate
2.8%
Monthly P&I
$1,635
Remaining loan balance
$369,882

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

expand content

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?

expand content

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?

expand content

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.

Will an assumption work for me?

expand content

An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

expand content

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

View all FAQs
Last updated: Oct 23, 2024 08:39 am
Listing agent: Jessica James
Listing provided courtesy of: INC Realty, LLC (972) 351-1095
Details provided by NTREIS and may not match the public record.
MLS ID: #20749811
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.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,635/mo
View details