720 Kelley Ct, Fort Worth, TX 76120
3 beds · 3 baths · 2,673 sqft
Great opportunity to own this beautiful and centrally located property!!! Only 20 minutes from DFW Airport, 10 minutes from Globe Life, AT&T Stadium, Six Flags & Hurricane Harbor. Nestled in a quiet neighborhood with the feel of country living and only one-minute walk to the park. This custom-built home has been meticulously designed and maintained. It welcomes you with a grand entry that oversees the open floor plan and the beautiful architecture. The spacious and functional layout on the first floor is ideal for family gatherings and entertaining. The second floor boasts a primary bedroom with a spacious ensuite, walk-in closet and a bonus room that could be used as a nursery, office or gym. You will also find 2 other bedrooms, a full bathroom and additional living area. The property is ENERGY STAR Certified. The interior of the house has been freshly painted. New carpet was instilled 3 years ago with lifetime warranty. The extra flooring, carpet and backsplash tile located in the garage will convey. Microwave and dishwasher will be replaced before closing. ***Buyer and buyer’s agent to verify all information including measurements and schools***
Source: NTREIS #20882737
Financials
Source: NTREIS #20882737
Source: Public records
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%. 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.
Other resourcesWhat 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.