5718 Meadow Wood Ln Fort Worth, TX 76112
Your savings
About this home
Great layout on this townhome in Meadowbrook Hills Chimney Wood Addition with 3 bedrooms - each having its own attached full bath - plus a 2-car garage. The main level includes a spacious living room with high-arching vaulted ceilings, hardwood flooring, wood burning fireplace, and walls of windows and glass doors for plenty of natural lighting. Just off the living and dining is the expansive balcony with approximately 200sf offering a relaxing spot overlooking the greenspace for entertaining or enjoying a morning cup of coffee. The dining room is adjacent to the kitchen which provides significant storage and counter space as well as electric range and built-in microwave. The refrigerator is negotiable. In addition to all bedrooms having an ensuite bathroom, they also boast walk-in closets! Still on the main level is a large bedroom which could serve as a master or a second master bedroom. Downstairs you will find two additional bedrooms including the true master bedroom with its own private entrance and patio which creates a peaceful, private retreat. The master also has dual sinks in the ensuite bath and room for a sitting area. There is currently a brand new, unopened dishwasher and microwave in the garage both of which will convey with the property so that all you need to do is install them and you are ready to go! The community amenities include tennis courts, park area with picnic tables, walking trails, a clubhouse which is able to be rented for your private parties, and a nice community pool! And how about this...your lawn maintenance is included in the HOA dues. The home is very conveniently located only about 10 minutes from downtown Fort Worth with easy access to highways, schools, entertainment, restaurants and hospitals. This property could definitely be your next home!
Source: NTREIS #20922008
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.