5514 Silver Bow Trl Arlington, TX 76017
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About this home
Welcome to this beautifully updated one-story home, a true gem! The inviting curb appeal and charming exterior immediately make it feel like home. Inside, you’ll find a spacious open-concept floor plan designed for modern living. The oversized living room features vaulted ceilings, large windows that fill the space with natural light, and a white-brick fireplace, perfect for cozy winter nights. The home offers luxury vinyl plank flooring, no carpet anywhere, for an elegant and low-maintenance finish. The kitchen provides generous counter space and storage, along with a contemporary backsplash, brand-new cooktop, and stainless-steel appliances, ideal for everyday cooking and holiday entertaining. The thoughtful split-bedroom layout places the tranquil, private primary suite with an en-suite bath on one side of the home, and two additional bedrooms with a full bath on the other. Storage is abundant, with multiple hall closets, dual closets in the primary bedroom, and a decked attic above the two-car garage. Step outside to your private backyard oasis featuring a sparkling pool, spacious patio areas for lounging and dining, an elevated grilling area, and a storage shed that stays with the property. Whether you’re enjoying a quiet evening under the stars or hosting summer gatherings, this backyard offers year-round enjoyment. Located on a peaceful, low-traffic street where kids play outside and neighbors look out for one another, this home also provides access to top-rated schools and convenient proximity to shopping and dining. Truly move-in ready and designed for both relaxation and connection, this exceptional home checks every box! VA assumable loan with 2.625% rate
Source: NTREIS #21099031
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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.