7513 Gairlock Dr, Fort Worth, TX 76179
3 beds · 3 baths · 2,439 sqft
MULTIPLE OFFERS RECEIVED! BEST & FINAL DUE WEDNESDAY 4-2-25 AT NOON! Seller is offering a $5,000 seller concession to buyer to go toward repairs or rate buy down. Welcome home to this charming 3 bedroom 2.5 bathroom home in the highly sought out Innisbrook Place community. When you first enter the home you're going to automatically feel the coziness and warmth this home offers. You'll be greeted by the large living room that opens up to the kitchen that provides so much cabinet space storage will never be a problem. Along with tons of cabinet space, you'll enjoy plenty of counter space for all your decor and cooking gadgets. The kitchen also offers a beautiful island with more storage space and a built in desk area. As soon as you head upstairs you'll immediately be greeted with a large family game room 2 bedrooms, a full bathroom and double doors that lead you to your primary bedroom. The primary bathroom has two separate closest, so no sharing required with your significant other, separate vanities, garden tub and a large walk in shower. This unique and charming home has so much to offer. So schedule your showing today to make this home yours.
Source: NTREIS #20856224
Source: NTREIS #20856224
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.