Charming 3-bedroom, 2-bath home in the established Briarwood Estates neighborhood of Arlington. Built in 1957, this single-story residence offers 1,762 square feet of comfortable living space with a functional layout featuring a large living and dining area—perfect for both everyday living and entertaining. A fireplace complete with gas logs makes for cozy evenings in front of the fire. The third bedroom would also make an ideal office or craft room. Natural light fills the interior, creating a warm and welcoming atmosphere throughout. A new roof has been installed in May 2026. The home features a galley kitchen equipped with an electric range, dishwasher, and custom oak cabinetry, opening into inviting living spaces. The kitchen sink has new plumbing underneath. A large utility room with built in cabinets for storing laundry essentials allows plenty of space for side-by-side Washer and Dryer and adding even more storage space. The large primary bath includes a jetted tub great for relaxing after a long day, as well as dual sinks and generous counter space. A built-in dresser and cabinets allow for plenty of storage. Both baths have new faucets as well as under sink plumbing. Two bedrooms have large walk-in closets. Situated on a spacious lot, the property offers a generous backyard with a covered patio—ideal for outdoor gatherings or relaxing evenings. Landscaping adds a touch of beauty to the property with a gorgeous magnolia bush, daffodils and canas and several large trees for shade providing help with cooling bills. Located within Arlington ISD and conveniently positioned near UTA, local schools, shopping, dining, the Arlington entertainment district and major roadways, this home combines classic charm with everyday convenience. A great opportunity to own in a well-established neighborhood—schedule your showing today!
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.
