317 Palo Alto Dr Springtown, TX 76082
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About this home
Welcome home to this beautifully designed 4-bedroom, 2-bath property with a dedicated office, set on a beautifully maintained 1-acre lot. Step inside to an open concept layout that seamlessly connects the living room and kitchen. The spacious living room features stained beamed ceilings, custom built-ins, surround sound, a curved TV that conveys and a cozy brick and stone wood-burning fireplace, creating the perfect spot to unwind. The kitchen is a true centerpiece with stainless steel appliances including a LG InstaView refrigerator, double ovens, granite countertops, and a large island ideal for casual meals or entertaining guests. A large utility room is already furnished with a washer and dryer and provides ample storage with built in cabinets and room for an additional freezer. The primary suite includes a trayed ceiling, TV that conveys, expansive walk-through shower, and an oversized closet. Step outside to enjoy the outdoor fireplace or relax in the Bullfrog Spa while watching the sunset in your fully fenced backyard, featuring surround sound and a patio TV already installed. The 3-car garage, also equipped with surround sound, features insulated doors and epoxy flooring for added convenience and style. With recent updates including fresh paint throughout, a new 7.5-ton HVAC with a 10-year warranty, gutters, and a front sprinkler system, this home is ready for you to move right in and start making memories. Special financing incentives available for using seller's preferred lender.
Source: NTREIS #21028798
Neighborhood
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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.