5417 Posada Dr, Crowley, TX 76036
3 beds · 4 baths · 2,831 sqft
What do you get when you combine a spacious 2,831 sq. ft. main home, a 765 sq. ft. separate guest casita, and a 1.1-acre lot with a pool, outdoor kitchen, and covered lounging area? You get an extraordinary property that seamlessly blends modern elegance, relaxed living, and the ultimate outdoor entertaining experience! Located in the highly desirable Panther Heights neighborhood in Crowley, this exceptional property is just 15 minutes from downtown Fort Worth, with easy access to highways, shopping, and dining. The main home features a bright, open floor plan with 3 bedrooms, 4 full baths, an office, and a large living area with stunning views of the backyard oasis. A second living area, currently used as a game room, offers flexible space to suit your needs. The property also includes a 4-car garage and 1-car carport, offering a total of 5 covered parking spots. The 765 sq. ft. Casita guest house is a perfect retreat with 1 bedroom, 1 bathroom, a kitchen, and a cozy living area, all with direct access to the pool and outdoor entertainment spaces. The guest casita is perfect for a teenager, extended family, or a long-term guest. The main home's kitchen is a chef's dream, featuring a spacious island, gas cooktop, chic backsplash, and granite countertops. The living room impresses with a gorgeous gas log fireplace and expansive windows that capture the picturesque backyard views. The ADA compliant front bedroom includes an ensuite bath. The primary bedroom is generously sized, with room for sitting area, and the luxurious primary bath offers a garden tub, walk in shower, dual vanities, and large custom walk-in closet. The backyard paradise features a large covered patio with gas log fireplace, electronic shades to fully enclose the space, a pool, spa and a pergola with outdoor grill and fridge. The meticulously maintained landscaping enhances the serenity and beauty of this incredible space. Solar panels on the main home help reduce energy costs. Exquisite Property!
Source: NTREIS #20883359
Source: NTREIS #20883359
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.