10236 Sourwood Dr Fort Worth, TX 76244
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About this home
This is a stunning 4 bedroom, 2.5 bath, 2 story home on a huge, rare double lot. The house is expertly designed for comfortable, spacious living with plenty of storage. Settled on a quiet street, this is the perfect option for families who love spending time together or spreading out. Located in Keller ISD, this home has the biggest backyard on the block! The backyard features two 2ft gates for a 4ft opening as well as a 6x12 shed and garden area. The primary bedroom is downstairs, with the other three upstairs along with a large game room or second living room. The main living area is very open with a gas starter fireplace, and the kitchen contains plenty of cabinetry and storage space while the dining room bears a beautiful hardwood floor. Exterior upgrades include an Alderwood front door, solar screens, and fire and ice roof with 3D shingles. The water heater is less than a year old, roof is 6 years old, and the AC has always been serviced annually. It also has a fully integrated security system as well as a sprinkler system with a new controller. Just 10 minutes from Presidio Junction and Alliance Towne Crossing for endless shopping, restaurants, and entertainment! The seller is offering concessions for landscaping and carpet replacement. Don’t miss out on this amazing home!!
Source: NTREIS #21094129
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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