735 Royal View Ct, Weatherford, TX 76087
4 beds · 3 baths · 2,331 sqft
Location! Location! Location! Make your way down the tree lined dead end street to this area that is outside city limits so NO CITY TAXES...is on a well and septic system so NO WATER BILL...besides these benefits it is also a part of the award winning Aledo ISD! Plus .875 of an acre to enjoy. Step inside your home and you will appreciate the natural light, window views as well as elevated features such as several show piece architectural ceilings throughout your home. Marble flooring, tile, carpet, textured walls and sliding door. A glass wall between the Eat In Kitchen and Family Room helps to give it the illusion of an open concept. The Dining Room is currently being used as an additional Living area and boasts a noteworthy Chandelier that can quickly be lowered to dining table height and a Bay Window with a window seat for you and your guests to sit and enjoy views of the front yard. You never know when you may have some Deer, Coyotes, Rabbits, Bobcats or the occasional sly Fox dropping by to see what is happening in your home. The 4th Bedroom could easily be configured for a Craft Room or Home Office. The Laundry Room has a granite countertop, room for full size Washer & Dryer and hosts a small pantry as well. The Sunroom is a great place to sit and enjoy the views of your backyard where you can watch your guest enjoying the in-ground pool, fire pit or maybe an animal friend or two. The current owners share about many different animals that drop by to visit. In addition, your new home is plumbed for a Water Softener should you decide you'd like one. The home at 735 Royal View Ct is just waiting for you to move in and continue adding to the memories that have already been made in this home. Hurry and schedule this one for a tour. Check it out and submit an offer. The Sellers are Wanting to Say YES!!!
Source: NTREIS #20769846
Source: NTREIS #20769846
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.
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