728 Golden Gate Park Rd, Alvarado, TX 76009
5 beds · 3 baths · 2,660 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Stunning rare 1 story home with 5 bedrooms and separate study-office with 3 full bathrooms! Gorgeous Parks of Alvarado community in booming Alvarado, Texas just minutes from Fort Worth. Wonderful floorplan with oversized living, dining, kitchen area which is great for entertaining! Open floorplan boasts a large chef's kitchen with stainless appliances, tons of cabinet and counter space, pantry, and beautiful island for gatherings. 5 versatile bedrooms that can be used in any configuration plus bonus office-study currently being used as a dining area but could be a workout space, tv room, you name it! Primary bedroom is large and has wonderful ensuite bathroom featuring a separate shower, double sinks, storage and walk-in closet. One of the other bedrooms could be used as a 2nd primary since it is separated and next to another full bath. 3 other Bedrooms share a 3rd bath in the front of the home. Wood look tile floors throughout for low maintenance but stylish living. Covered patio in the backyard creates a cozy space for parties or just chill time. Alvarado is a charming small town just outside of Fort Worth with an easy commute! Check out this adorable community and this gorgeous home!
Source: NTREIS #20815058
Source: NTREIS #20815058
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.
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.
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.
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.
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 and Equal Opportunity Act.