Open House Feb 15 2-4pm. Fully Renovated Mid-Century Modern • 3 Bedrooms • 2 Baths • Oversized Lot • Large Flex Space Completely remodeled to the studs, this stunning mid-century modern home in North Arlington’s sought-after Forest Park neighborhood offers the rare blend of modern construction quality within an established, tree-lined community, all with no HOA. Originally built in 1954, the home underwent a comprehensive renovation from 2021–2023, replacing nearly every major component and creating the feel of a newly built residence. Inside, the thoughtfully redesigned open-concept layout is ideal for both everyday living and entertaining. The interior showcases custom cabinetry, quartz countertops, updated flooring throughout, designer tile bathrooms, & expansive double-pane windows that fill the home with natural light. The kitchen stands as the true centerpiece; an entertainer’s dream with abundant storage, custom built-ins, and sleek modern finishes. Significant behind-the-walls upgrades provide exceptional peace of mind rarely found in homes of this era, including: • New electrical wiring & breaker box • Partial new plumbing with PEX water lines 2021 • HVAC system 2018 • New air ducts & vents 2021 • New attic insulation 2021 • New drywall • New expansive windows 2021 The original garage has been fully finished and transformed into an impressive 18’ x 30’ flex space, perfect as a media room, second living area, or multi-purpose retreat. This inviting space features a cozy fireplace & a built-in pull-out bar, creating the ideal setting for entertaining or relaxed family gatherings. Oversized 0.267-acre lot, the property offers ample room to relax, entertain, or expand, all framed by mature trees that define the charm of N Arlington. While there is no garage, the extended driveway provides generous parking. Enjoy a central location just minutes from AT&T Stadium, Globe Life Field, Six Flags, Texas Live!, UT Arlington, golf courses, parks & trails
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
