Eco-Friendly Efficiency Meets Grand Living in Fannin Farm. Welcome to 2308 Denham Drive in Arlington's highly COVETED Fannin Farm neighborhood. Packed with spectacular curb appeal and boasting an expansive 3,006 square feet of living space, this MOVE-IN-READY 4-bedroom, 2.5-bath home offers an incredible GREEN ADVANTAGE: premium solar panels offering a seamless seller paid transfer and instant, massive utility SAVINGS FROM DAY ONE. The Bright, Open-Concept Design is Built for effortless entertaining and comfortable daily life, while the thoughtfully designed floor plan features: A sun-drenched main living area lined with large, beautiful windows framing natural light. A cozy focal fireplace creating an inviting, warm ambiance. An entertainer's open kitchen flowing seamlessly into the living room, complete with abundant cabinet storage and ample countertop workspace. The second level is engineered for ultimate privacy and recreation. The Private Primary Suite Sanctuary Offers a spacious, RELAXING RETREAT equipped with an oversized bath and a generous walk-in closet. Boasting a MASSIVE Upstairs Game Room, Serving as a second living area, this expansive space is IDEAL for movie nights, a playroom, or a home gym. The Generously Sized Secondary Bedrooms Deliver immense versatility for family, guests, or a quiet home office setup. Step outside into your beautifully maintained outdoor retreat, offering plenty of space to relax or host barbecues under the Texas sky. Enjoy the UNMATCHED CHARM and high walkability of the established Fannin Farm subdivision—where you might even spot one of the neighborhood's famous peacocks! This exceptional property offers the ultimate blend of community, eco-conscious efficiency, and premier zoning for the highly regarded Mansfield ISD. At an unbeatable value and positioned for a seamless closing, seller is open to considering concessions toward closing costs on an offer by offer basis.
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.
