9720 Salvia Dr, Fort Worth, TX 76177
4 beds · 4 baths · 3,291 sqft
If you want the best, this is the one! This former First Texas Model Home features every available design upgrade from the builder. At 3300 square feet, there is ample space for four oversized bedrooms, three and a half bathrooms, an office with bay windows, a formal dining room to seat eight, a home movie theater with elevated seating, and two family rooms. The family room on the first floor is guaranteed to impress with its cathedral ceilings, floor to ceiling stone fireplace, and beautiful hardwood floors. This flows smoothly into the stunning kitchen, which has been tastefully updated with new white and glass cabinets to contrast the sleek gray tile backsplash and granite counters. The modern look is further enhanced by the stainless steel farm sink, full size double oven, gas cooktop, dishwasher, and built in microwave. The kitchen also boasts a deep butler's pantry with a bar. Moving into the owner's suite, you'll find plenty of floor space, high ceilings, and natural light from several windows. The primary bathroom has split vanities, a seating area for makeup, and a separate deep soaker tub and shower. Outside, you can entertain family and friends on the enormous covered patio with a fireplace, koi pond, and no rear neighbors. The lot is 114 feet wide, which allows for a full size grassy side yard, perfect for kids or dogs to play. This home is priced to sell quickly, so don't wait! Schedule your showing today.
Source: NTREIS #20879218
Source: NTREIS #20879218
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.