Beautifully updated single-story home in the heart of DFW, just minutes from the Arlington Entertainment District, major stadiums, Six Flags, and TX Live—with **no HOA** and zoning to highly desired Lamar High School. Situated on a prime oversized corner lot within a quiet cul-de-sac, this property is surrounded by mature shade trees in an established neighborhood. The home immediately stands out with striking curb appeal, blending clean modern lines with distinctive mid-century flair. Inside, a bright open-concept layout seamlessly connects two expansive living areas, creating an ideal space for both everyday living and entertaining. The kitchen is centrally located and thoughtfully designed with granite countertops, stainless steel appliances, and a functional layout, while a nearby breakfast nook easily serves as a flex space or home office. Custom features throughout include a dramatic floor-to-ceiling brick fireplace, built-ins, transom windows, and vaulted ceilings that fill the home with natural light. Designed with a desirable split-bedroom floor plan, the layout offers added privacy with the primary suite set apart from the secondary bedrooms. The spacious primary retreat features private side yard access to the pool area and an oversized ensuite bath with a separate seamless glass shower, dual closets, and a bright, airy feel. Step outside to enjoy two separate backyard spaces—one retreat for quiet relaxation, the other an entertainer’s dream with a sparkling pool and covered patio, perfect for hot Texas summers. Both areas offer exceptional privacy for hosting or unwinding. With generously sized bedrooms, thoughtful design, and meticulous upkeep throughout, this move-in ready home delivers comfort, style, and an unbeatable location.
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.
