1875 Larkspur Dr Arlington, TX 76013
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About this home
PERFECT LOCATION! This lovely home is only a short walk to the coveted Hill Elementary and the Duncan Robinson Park! A delightfully peaceful neighborhood for any family with plenty of great features. Just over 10 minutes to the AT&T Stadium and downtown Arlington area and just over 20 minutes to downtown Fort Worth! This beautiful home welcomes you into the spacious living room with wood-burning fireplace and vaulted ceilings! The living room opens right to the dining room and kitchen! Kitchen has granite counters, a brand-new dishwasher, and recently purchased oven-stovetop, along with a cute corner window that looks out over the large backyard! Just past the dining room and through the full-size laundry room there is an extra-large room that can be used as a great second living area or easily be used as a spacious 4th bedroom as well! On the other side of the house is the primary suite with large ensuite bathroom! This bathroom has two big walk-in closets, a long double-sink vanity, a great soaking tub, and a newly tiled shower! The other two bedrooms have a fun passthrough between them that can easily have doors added or be walled up for more privacy. Plus, this home has a wonderful covered back patio with tons of space for entertaining or just relaxing in the back while overlooking the large yard! BRAND NEW ROOF INSTALLED EARLIER THIS YEAR!! Come by and take a look today!
Source: NTREIS #21067641
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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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