3900 Caddo Trl Fort Worth, TX 76135
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About this home
Simply Adorable Mid Century Modern Cottage. 10 Minute Walk to Lake Worth and Several Parks in the area. This Home has been Well Cared For. All the Main Items have already been updated for you. It has a 3 Year Old Roof, Foundation Repair Completed with Warranty, Gutters Installed, New Fence, Updated Plumbing Lines to the Street, New AC Compressor in 2024 that is serviced twice a year, New Exterior Paint, and so Much More. Fall in Love with the nice sized bedrooms with good sized closets. The front Room is huge and currently bedroom 3 but it would make a Great Game Room, Play Room, or Gaming Den. You will enjoy the Open Floorplan and Nice Sized Living Room Open to the Kitchen and dining area. The Laundry has it's Own room inside the house so there is no running to the garage in the cold to do laundry. The Carport is a Nice addition as well as a 1 Car Garage. The New white Cabinets in the Kitchen are so Light and Bright. This Home is Move in Ready and so Affordable! The Seller is Motivated and Open to a Rate Buy Down or some Closing Costs with an Acceptable Offer! Have a Magical Holiday Season in your New Home!
Source: NTREIS #21098420
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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.