7724 Brook Meadow Ln, Fort Worth, TX 76133
5 beds · 4 baths · 3,494 sqft
Get a free consultation call with an expert in the mortgage assumption process.
ASSUMABLE 3.25 Interest Rate!!! Welcome to 7724 Brook Meadow Lane. As you step inside, you'll be greeted by a bright and airy atmosphere, thanks to the large windows and natural sunlight found throughout the home. Perfect for large families or hosting gatherings, this home offers two living areas, two dining areas, an office, an oversized game room, and 5 bedrooms. The kitchen features a gas stove and stainless steel appliances as well an eat-in breakfast room. A perfect space for gatherings, the living room has two story vaulted ceilings, large windows, and a brick fireplace. The spacious first floor primary bedroom is perfect for king sized furniture as well as a separate seating area of which to relax and unwind. Continue into the primary bathroom complete with dual sinks, a walk-in shower, a jetted tub and walk in closet. Outside, you will find a large fenced-in backyard with plenty of space for outdoor activities. Conveniently located in an established neighborhood this home is close to downtown Fort Worth, major shopping centers, the Chisholm Trail, highways, and many dining options. Schedule a showing today! This home has an unfinished, currently inaccessible, area approximately 1000+ sqft above the kitchen that can be converted to livable space. (information should be confirmed and verified by a license contractor)
Source: NTREIS #20867957
Source: NTREIS #20867957
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.