5628 Caracas Dr North Richland Hills, TX 76180
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About this home
Discover a charming 3-bedroom, 2-bath home in a friendly North Richland Hills neighborhood. This home is thoughtfully situated on a 0.19-acre lot, giving you a balance of manageable yard space and room to breathe. The home is in good condition overall, featuring hardwood flooring in the living and dining areas and carpet in the bedrooms for added comfort. The home features a comfortable layout with living and dining spaces that flow easily, ideal for everyday comfort and entertaining. The front door opens to a hallway with a coat closet leading into the living room, which showcases a beautiful brick fireplace as its focal point. To the left, you'll find the dining room that connects to the kitchen and garage, while to the right, a hallway leads to the bedrooms and bathrooms. The primary suite is located at the end of the hall and offers an ensuite bath with a double vanity, walk-in shower, and his-and-hers closets, and a skylight that fills the space with natural light. The secondary bedrooms share a full bath in the hallway. Additional features include a brick-covered patio perfect for outdoor relaxation, a storage building, and wood houses for firewood. The backyard is enclosed with partially new wood fencing, providing both privacy and function. Recent improvements and repairs include replaced attic ducting (7 years ago), installation of a radiant barrier and attic insulation, a whole-house fan that vents into the attic, a replaced roof, upgraded AC parts, and a new garage door opener. Well-regarded in the local market, this property offers an appealing blend of value, location, and lifestyle possibilities, whether you're looking to move in now or customize over time.
Source: NTREIS #21097135
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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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