10k price improvement! You can be in your new home before the new year and enjoying the Fort Worth lifestyle in this fabulous 3 bedroom, 2 bath home, 2 car garage in a great location just a half mile to I-30. Built in 2003 with a well-planned 1417 square foot floorplan. You'll appreciate the updates throughout the house in the last few years including replacements of the roof, water heater, and all windows, which enhance both its value and appeal. All the vinyl windows are very energy efficient with a lifetime transferable warranty from Champion. The Primary Bedroom is complete with backyard view, a spacious walk-in closet providing ample storage for your wardrobe, and with newly refreshed Ensuite Bathroom with separate shower and relaxing garden tub for long soaks. The kitchen with adjacent dining area is visually open to the living room, so you can always be involved with others or while entertaining guests. It has plenty of room for 2 cooks, undercabinet led lighting and spacious pantry. Stepping outside, you will find freshly laid St Augustine grass adorning the front yard adding to the inviting curb appeal of this property. Enjoy leisurely afternoons or entertaining evenings on your private concrete patio in your fenced backyard - an ideal outdoor space for relaxation or socializing. The location of this home is undeniably convenient. Situated close to I-30 & 820 highways, commuting becomes easy and stress-free whether you're heading for work, shopping, great food, fabulous fun, going into downtown Fort Worth, or venturing out into other parts of Texas. Appraisal dated 9.2.25 was $275,000- so you can have immediate equity in this home. Don't miss this home in a great 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.
