801 Timberview Ct S, Fort Worth, TX 76112
3 beds · 3 baths · 3,254 sqft
Welcome to the home you've always dreamed of! Situated on a coveted corner lot, this incredible 3-bedroom, 3-bathroom gem offers over 3,254 square feet of lavish, open living space that exudes luxury and style. Key Highlights: Massive Living Areas: The open-concept layout is bathed in natural light, creating an expansive and inviting atmosphere—perfect for entertaining or enjoying family time in complete comfort. Every room is designed with space and style in mind! Gourmet Kitchen: Featuring vast granite countertops, abundant cabinetry, and a grand island, this kitchen is a chef's dream. It's perfect for cooking, dining, and entertaining in effortless style. Incredible Master Suite: Relax in your spacious master retreat, complete with his and hers walk-in closets, a luxurious soaking tub, separate shower, and dual vanities—an oasis of comfort and relaxation. Private Mother-in-Law Suite: This beautifully appointed suite offers its own bathroom and private space, perfect for guests or extended family to feel right at home. Expansive Bedrooms: All the additional bedrooms are generously sized, featuring walk-in closets and easy access to well-designed bathrooms—offering plenty of space and privacy for everyone. Outdoor Oasis: Step outside into your private paradise, with a stunning pool that ranges from 5 to 12 feet deep, a relaxing hot tub, and ample space for lounging, dining, and hosting fabulous summer parties. This backyard was made for entertaining and unwinding in style! Built-In Sauna: After a long day, step into your built-in sauna, which comfortably fits up to 6 people! It’s the ultimate relaxation space for you and your guests—perfect for unwinding after a swim, workout, or simply to melt away the stress of the day. Prime Location: Set on a highly desirable corner lot, this home offers unmatched privacy, incredible curb appeal, and an expansive outdoor area surrounded by mature landscaping—your own tranquil escape.
Source: NTREIS #20822046
Financials
Source: Public records
Source: NTREIS #20822046
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.