8202 Silverton Dr Arlington, TX 76001
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About this home
Fabulous Family Home in Mansfield ISD! Welcome to the home you’ve been dreaming of! This spacious residence offers open concept layout perfect for entertaining, soaring ceilings and modern updates that will amaze. Enjoy summer days by the pool playing volleyball or just cooling off, the huge game room and side concrete slab for basketball are ideal for kids-family fun. The primary suite is a true retreat, featuring a luxurious see-through fireplace to unwind by the fire while soaking in the tub or relaxing in bed. Ample cabinet and countertop space in the kitchen, large windows throughout bringing in abundant natural light, this home perfectly blends charm and comfort accommodating growing families. Situated in a peaceful, family-friendly community within walking distance to Summit HS, top-rated schools and recreational facilities nearby. Tankless water heater, Solar Screens through out for energy saving and New roof in 2024, NO HOA fees. ASSUMABLE VA LOAN FOR $209k AT 2.625% interest rate. See agent for details. SELLERS ARE OPEN TO NEGOTIATE RATE BUY DOWN AND-OR CONCESSIONS
Source: NTREIS #20904908
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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.