1158 County Road 404 Nemo, TX 76070
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About this home
Welcome to your dream ranch-style home! This charming 3-bedroom, 2-bath residence offers the perfect blend of comfort and functionality. Inside, you'll find two spacious living areas, including one with a cozy wood-burning fireplace, ideal for relaxing evenings with family and friends. Dreamy kitchen with all stainless appliances including a gas range. Oversized bedrooms with the master having an ensuite bath and a large walk-in closet. Step outside and discover your own private oasis. Enjoy the full-length front and back porches, perfect for sipping your morning coffee or watching the sunset. The outdoor pergola area is an entertainer's delight, while you will love the whimsical treehouse. Another added bonus is the concrete pad for a basketball court and the tactical training area reinforced with a crosstie backing and dirt berm, ideal for precision practice and outdoor recreation. For the equestrian enthusiast, this property boasts an arena with a return alley, offering endless opportunities for training and riding. Property is fully fenced and has a pond, a great natural water source. Also on the property is a pole-barn that can be used to store a tractor or other farm equipment or double as a garage, a storage shed with a small porch, a single bay 24x30 workshop, along with a 30-amp hookup. Conveniently located just less than an hour from downtown Fort Worth, 1hr 15 mins to DFW airport and a quick 25 mins to Comanche Peak Nuclear Power Plant. Don't miss out on this unique opportunity to own a piece of paradise!
Source: NTREIS #20923917
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.