7530 Park Ave Fort Worth, TX 76140
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About this home
Spacious Comfort and Convenience in Forest Hill Discover the inviting charm and impressive layout of this exceptional two-story residence nestled in the heart of Forest Hill, TX. This 5-bedroom, 2.5-bathroom home boasts a spacious open-concept design, perfect for modern living and entertaining, all set on an expansive corner lot. As you step inside, the thoughtful floor plan unfolds with a welcoming living area that offer versatility and space for every occasion. The seamless flow into the dining area and kitchen creates an ideal environment for family gatherings or intimate dinners. The kitchen is well-equipped, designed to cater to all your culinary needs and includes ample counter space and modern appliances. Upstairs, there are 4 generous bedrooms await, each featuring large closets for plenty of storage. The primary suite is a personal sanctuary complete with a sizable closet and a well-appointed bath on the first floor. A dedicated office on the main floor provides the perfect space for working from home or quiet study. The home’s outdoor area is equally impressive, with a large backyard that offers endless possibilities for recreation and relaxation. Situated on a desirable corner lot, the expansive green space is perfect for gardening, outdoor activities, or simply enjoying the Texas sunshine. A handy storage shed in the backyard adds convenience for storing tools and equipment. Additional features of the property include a two-car garage providing ample parking and storage solutions. With its ample space and modern amenities, this home meets all the demands of today’s lifestyle. Don’t miss the opportunity to own this beautiful property in a prime location, offering both comfort and convenience for years to come.
Source: NTREIS #20959960
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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.