913 Foley Ave, Iowa Park, TX 76367
5 beds · 2 baths · 2,054 sqft sqft
Nestled in the heart of charming town of lowa Park, 913 Foley avenue offers a picturesque slice of small-town Texas living. The home sits on tranquil tree lined street, where neighbors greet each other with a warm smile, and peacefulness of the surrounding provides a sense of calm. The property features a cozy inviting exterior that reflects the traditional architectural style of the area, with a welcoming front porch perfect for sipping coffee in the morning or enjoying quiet evenings. The front yard shaded by mature trees, adds a touch of natural beauty to the home, creating a serene oasis. Beautifully updated kitchen and bathrooms to meet contemporary standard and spacious living area. Located just minutes from lowa park school, and amenities of downtown lowa park, this home combines the simplicity of country living with the convenience of nearby city access. Embodies the essence of community and relaxation, making it a perfect retreat for those who value comfort and connection.
Source: NTREIS #20734200
Interest rate and monthly payment estimated based on public records.
Source: NTREIS #20734200
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #20734200
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.