7005 Reliance St, Fort Worth, TX 76179
4 beds · 2 baths · 2,086 sqft
Beautiful home in Talon Hills located on a greenbelt! Recent interior painting in a beautiful crisp white. NEW functional and stylish LVP flooring throughout home. The foyer takes you into the Livingroom where the home is centered with a gas fireplace with built ins flanking each side to create perfect symmetry to the space. The kitchen is open concept and features white cabinets and leathered granite with lots of grey movement that create depth. Kitchen has fantastic flow to the living room with bar top seating on the peninsula and has the perfect prep station in the heart of the kitchen with the island. The eat in dining space is oversized and the bay windows showcase the expansive backyard outside. Hugging the bay window is a built in bench with electrical and storage. It's the perfect spot for guests to sit and provide function while not sacrificing design. The bedrooms are split from the primary. The secondary bedrooms are located down a hallway with the full bathroom. The fourth bedroom can function as an office but has a spacious walk in closet and tons of built ins! Primary bedroom features a second bay window and has an ensuite with a large closet and a shower and separate garden tub. Phase 4 is building in the mid $600k range with top tier premiums. Enjoy a preloved home for a bigger bang for your buck! Talon Hills has a community pool and clubhouse and has sidewalks connecting all the way to a Fort Worth City Park and disc golf course. Located in the high ranking Eagle Mountain Saginaw ISD and minutes from Lake Country Christian. 25 minutes to downtown Fort Worth, 50 minutes to DFW airport, 20 minutes from the Stockyards; less than 7 minutes to I820, Eagle Mountain Park and Eagle Mountain Lake! Join the neighboring POA for unlimited boat launch access- ask me how!
Source: NTREIS #20886816
Financials
Source: Public records
Source: NTREIS #20886816
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.