416 Misty Oaks St Azle, TX 76020
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About this home
Step into a cozy and spacious HOME ready to welcome you in. You enter through a foyer that provides privacy for the home and yet welcoming, a coat closet and a hallway to the utility room and 2 car garage. To your right is a FLEX space that can be used as an office, dining room, playroom, or any way you want to use it. The living room is large with vaulted ceilings, a fireplace, windows overlooking the backyard. The primary suite is on the left. It is bright and airy with enough room for a king bed and all the bedroom furniture. The primary ensuite features a walk-in shower, large soaking tub, double sinks, and separate closets. The dining area has a bay window to the back yard, adjacent to the kitchen. The other two bedrooms and bathroom are down the hall. All areas have been refreshed with paint and flooring. The primary bath has new paint, refreshed cabinets and vanity, mirrors, and newly tiled shower. The hall bath also has fresh paint, new vanity, and mirrors. The backyard is large with beautiful shade trees, and the covered porch provides a sweet oasis to enjoy.
Source: NTREIS #21074922
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.