4333 Old Timber Ln Crowley, TX 76036
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About this home
The sale is subject to lender approval. Welcome to this charming family home featuring three bedrooms that could be easily converted back to four bedrooms. As you enter, you are greeted by the dining room, which could be used as a study or receiving room. Followed by the open living spaces of kitchen, breakfast area and living room - cozy and open, with an inviting atmosphere yet enough space for each crew to hang out separately. The master bedroom features bay windows, master bath with separate shower and double sinks as well as walk-in closets. The nursery room could be closed off into it’s separate room, current owners had the wall taken down to be connected, it could be used as an office, workout or hobby space, or closed off for a fourth bedroom. Two other bedrooms one featuring built-in bookshelf and ample closet space. Enjoy natural light and high ceilings throughout the home, a feature loved by the current owners! All windows have Venetian blinds, AC has been recently replaced, refrigerator-washer-and dryer may convey with acceptable offer. Conveniently located near shopping, dining, and top-rated schools, this home is a perfect blend of modern design and everyday convenience. Don't miss your chance to make it yours!
Source: NTREIS #20967441
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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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