2715 Lincoln Dr Arlington, TX 76006
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About this home
Welcome to the Heart of Arlington! This rare single-story gem offers the perfect blend of comfort, style, and convenience, all just steps from the Texas Rangers Golf Club and the serene River Legacy Park. Inside, you’ll find an inviting layout with hardwood and tile flooring throughout the main living areas, built-in bookshelves, high end kitchen appliances, a cozy fireplace, and large picturesque windows that flood the space with natural light. The primary suite is a true retreat, featuring dual walk-in closets, separate sink areas, and a spacious ensuite bathroom. Elegant design touches like skylights, ceiling medallions, and crown molding add a sophisticated flair throughout the home. Energy-efficient features include an impact-resistant roof, radiant barrier, and heat pump to help reduce utility costs year-round. Enjoy your morning coffee in the sunroom overlooking the peaceful backyard, or unwind with a movie in your very own private theater room. With an abundance of storage from multiple closets to walls lined with bookshelves, there is space for everything. The rear parking area offers plenty of room for an RV, boat, or extra vehicles, all secured behind an electric gate. A versatile media room with a closet and full bathroom nearby also makes an ideal guest suite or private space for teens. Perfectly situated between Dallas and Fort Worth, you’ll be just 10 minutes from Texas Live!, AT&T Stadium, Globe Life Field, Six Flags, and more. Don’t miss your chance to own this beautifully maintained home in one of Arlington’s most desirable locations!
Source: NTREIS #21086448
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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.