408 Autumn Park, Fort Worth, TX 76140
5 beds · 3 baths · 2,637 sqft
!!HOWDY!! Welcome to a beautiful property located in the growing community of Fort Worth, Texas!! Property is located on the outskirts of I-20 & I-35W, perfect location for the lovers of Love's travel stop as location #281 will be right across from you! Before you arrive to the property, you will see the accessability to the elementary school, perfect for your growing family! Parks of Deer Creek, welcomes you to a 2-story home, with plenty of rooms for your family & guests! Includes 2 living rooms, 2 dining areas, 2 car garage, loft area upstairs, laundry room with access to garage,2 full bathrooms & a half bathroom,5 bedrooms with plenty of room, and plenty more! Wake up & get breakfast ready while you finish getting ready since PRIMARY bedroom is just a few steps away from the open kitchen! Sophisticated high ceilings engulf every aspect of the property to help you enjoy every SQFT! Open floor plan in kitchen, has access to living room with a wood burning fireplace, pantry room, laundry room, garage, a main bedroom downstairs, and backyard! Wood flooring will comfort you downstairs & when you make your way upstairs, carpet will give you a warm reception to enjoy with family & guests. Backyard has plenty of space for your gatherings and your pets too! Minutes away from Texas Health Huguley Hospital South of Fort Worth, & Spinks Airport! NO SURVEY FOR PROPERTY, BUYER TO PURCHASE NEW SURVEY. Book a showing to come view this property in person! Owner is occupying property, so please reach out at least 24hrs in advance for showing! See you soon!
Source: NTREIS #20803185
Financials
Source: Public records
Source: NTREIS #20803185
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.