6136 Flour Mill Run, Fort Worth, TX 76179
3 beds · 2 baths · 1,696 sqft
***OPEN HOUSE SATURDAY March 29 from 11am to 2pm and SUNDAY 10am to 12pm*** BEAUTIFUL MOVE IN READY HOME located in Pioneer Point in Eagle Mt Saginaw ISD. REFRESHED 3 Bedroom, 2 Bath home with FLEX ROOM and stunning open floor plan! Beautiful front elevation with covered front porch perfect for your morning coffee or evening sunsets! Feel the openness of the floor plan the moment you step inside to luxury ceramic wood look tile flooring throughout all main spaces. Flex room located up front for privacy and convenience. Kitchen features granite countertops, beautiful island, gas range and walk in pantry. Primary suite is split for privacy from other bedrooms and features a spacious bedroom, generously sized walk in closet, and ensuite bathroom with dual sinks and garden tub. Two secondary bedrooms located adjacent to each other with large secondary bath. Enjoy your covered back patio and privacy fenced backyard year round with this south facing homesite. New Roof, New Carpet, New Paint throughout! This stunning home shows like a brand new home!
Source: NTREIS #20880841
Source: NTREIS #20880841
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.