12109 Arbor Lake Rd Rhome, TX 76078
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About this home
WELCOME HOME TO COMFORT AND CONVENIENCE IN SOUGHT-AFTER NORTHWEST ISD! Step inside and you’ll immediately feel the warmth of this beautifully maintained home, featuring rich bamboo wood flooring throughout. A versatile formal dining or living room greets you near the entry — perfect for hosting guests or creating an elegant sitting space. The private primary suite is tucked away on the first floor, offering a quiet retreat after a long day. Continue toward the heart of the home, where a cozy den with a charming fireplace opens to the adjoining kitchen. The kitchen boasts newer, attractive cabinetry with ample storage, a breakfast bar for casual dining, and inviting ceramic tile flooring. A generously sized utility room adds even more convenience with plenty of space for washer, dryer, and extra storage. Upstairs is where the possibilities truly expand — three spacious bedrooms plus a large bonus room that can easily serve as a media room, playroom, or even a 5th bedroom. Each bedroom features its own walk-in closet — a rare and wonderful find! Outside, the manageable backyard includes two fruit trees, adding a touch of nature and charm. The community itself offers fantastic amenities including a pool, fitness center, and playground — something for everyone to enjoy. 3D VIRTUAL WALKTHROUGH TOUR ONLINE. ***Come experience this welcoming and well-appointed home for yourself — it may just be the perfect fit!***
Source: NTREIS #21097221
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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.