4608 Blackwood Cross Ln, Arlington, TX 76005
2 beds · 2 baths · sqft
Wonderful opportunity in the 141-acre 55+ active living neighborhood of the Elements 55+ in Viridian Village! Spacious one-story floorplan offers an open concept with large gourmet kitchen open to spacious living & dining area, 2 nice sized bedrooms, 2 full bathrooms plus a separate study or second living area*Pretty wood-like floors greet in the entry and flow throughout most of the home*Kitchen offers beautiful quartz counter-tops, abundant cabinetry, gas cooktop, pantry and a large island looking over the covered patio & living area*Primary suite offers a nice walk-in closet and luxurious bathroom with large tile shower, dual sinks, separate water closet and linen closet*Mudroom area has built-in bench with hooks and the separate laundry room with hanging & folding areas is equipped with a washer & dryer that will stay*Covered patio and yard space is perfect for grilling & relaxing and has room for pets or play*Rear Entry oversized two-car garage is accessed from an alley & has additional parking spaces for guests and there is also an additional 9x7 storage area in the garage*Exclusive to the Elements 55+ is the Magnolia Lifestyle Center, which is the heart of the community & the place to relax, stay fit & socialize*The Magnolia Lifestyle Center is located very near this property and features an infinity pool, pickleball courts, bocce ball, putting green, demonstration kitchen, fitness center & beautifully designed community gathering areas along with the Bark Yard dog park*Elements 55+ Residents also will have access to all of Viridian’s many amenities, including the Viridian Lake Club, River Legacy trail system, parks, gardens & more. The planned Viridian Village will give residents shopping & dining options close to home! This David Weekley built home is move in ready and waiting for a new owner!
Source: NTREIS #20785441
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20785441
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: #20785441
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