5525 Scott Dr, North Richland Hills, TX 76180
3 beds · 2 baths · 1,715 sqft sqft
Well maintained 3 bedroom 2 bath home on an oversized cul-de-sac style lot in the heart of North Richland Hills. Upon entering, the large open living space flows into the dining and kitchen, perfect for entertaining and family living. The kitchen features new SS appliances including a large gas cooktop, microwave and dishwasher with custom built cabinetry front, ample cabinetry space with a peninsula and an oversized window that overlooks the backyard allowing plenty of light for your work spaces. Located next to the kitchen, a large pantry and laundry offers plenty of additional storage and easy access to the oversized 2 car garage. Both main bath and owner's suite bath have been renovated with upgraded materials. The owner's suite is spacious and bath features his and hers walk in closets and dual sink vanity, new tiled oversized shower. 2 additional bedrooms with plantation shutters complete the interior spaces. The security system installed is owned by the seller and will remain with the house. Service is provided by Brinks and transferable to new owners. If you love outdoor space, this home features large front and backyards, a courtyard entry, backyard covered patio, and side parking area to accommodate an RV or boat. The home has access to hiking and biking trails and close to parks, schools, restaurants and shopping. The owner has been meticulous with upkeep and upgrades of this home. A complete list of Upgrades and Renovations is available at the home as well as in the Transaction Desk for agent access.
Source: NTREIS #20776005
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20776005
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: #20776005
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.