7501 Lake Vista Way, Fort Worth, TX 76179
4 beds · 3 baths · 3,142 sqft
SELLER OFFERING $10,000 IN CLOSING COST ASSISTANCE! Incredible opportunity to get into a home with less than $16,000 out-of-pocket using FHA or VA financing combined with the seller's concessions. 1-0 lender-paid buydown on this home with our preferred lender (who also has one of the most competitive pricing for FHA loans), reducing your mortgage payments for the first year. This is your chance to save money upfront and on payments while settling into your dream home. Lake Vista Ranch home in a well designed, functional living space and PRIDE OF OWNERSHIP throughout! This home is less than 10 years old. 4 Bedrooms with an open concept floorplan. Kitchen with 42 in. cabinets, stainless steel appliances, granite, recessed lighting, huge island and walk-in pantry. Spacious living room to host family and guests. Primary bedroom is on the main level. The primary bathroom suite includes separate vanities, garden tub and shower, and giant walk-in closet (look st floorplan map or Zillow 3D tour). Upstairs you'll find space with endless possibilities. Secondary living space plus a media room! Large additional bedrooms with walk in closets and not your normal walk in closets. They are BIG! One of the bedroom closets has attic access for more storage (Yes, this means MORE CHRISTMAS DECORATIONS). This home could easily be used as a 5 bedroom home if needed! Outside you'll find an extended concrete patio with covered space to enjoy with company. Short commute to Fort Worth NAS JRB, Shopping, Downtown FW, & Eagle MT Lake! *Virtual tour available*
Source: NTREIS #20858318
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20858318
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.
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 of Equal Opportunity Act.