513 Ranch House Rd Willow Park, TX 76087
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About this home
STOP THE CAR! Beautifully updated 4-bedroom, 3-bath home sits on almost 2.5 acres in Willow Park and located in Aledo ISD. Enjoy the flexibility of 2 spacious primary suites, each with its own ensuite bath and direct access to the peaceful backyard – perfect for multi-generational living or guest accommodations. The home has been thoughtfully remodeled, featuring modern finishes, a tankless water heater, whole-home water filter and softener systems, and updated kitchen appliances – including a range with double oven and dishwasher (both less than 3 years old). The refrigerator stays, making move-in even easier. Other inside amenities include a formal dining, breakfast nook,,under cabinet lighting in kitchen and second living area or office. Outside, the property truly shines: in the back you will find an oversized 900 sq ft detached 3-car garage with a dedicated workshop area - Newly constructed 21' x 12' metal workshop with concrete floor - Several additional storage structures - Fenced area for horses or livestock - Chicken coop - fantastic garden space with irrigation system - circle driveway - peach and plum trees. The septic system was replaced in 2025, and the roof is approximately 5 years old, giving you peace of mind for years to come. 2 HVAC units. 2 Parks with walking trails and playground for the kids are within walking distance making this ideal for those who enjoy the outdoors. With an ideal location offering an easy commute to the Metroplex or Weatherford, this property combines rural charm, modern updates, and exceptional functionality. Don’t miss your opportunity to own this versatile and serene property—schedule your showing today!
Source: NTREIS #21079890
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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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