There is so much to love about this Westcliff 1950s home, starting with the fact that all the expensive, big-ticket items are already taken care of. At 4644 Selkirk, you get the best of both worlds -classic charm alongside a full HVAC replacement, a tankless water heater, & updated windows that overlook the true star of the property: the backyard. If you want to be the house where everyone gathers, this setup is hard to beat. The sparkling pool was recently resurfaced and fully replumbed with new pipes in 2021, giving you all the fun of a pool without the headaches. The oversized covered back patio offer plenty of room for a grill and lounge setup, and with electrical already run, you are set for an outdoor TV & speakers from day one. The seamless transition inside reveals a floor plan that is both straightforward and functional, anchored by original wood floors and a fireplace that serves as the heart of the home. One of the standout features is the dedicated home office; it is a true workspace rather than a converted corner, which is a massive win for anyone who needs a private office without sacrificing a bedroom. The interior feels fresh and move-in ready with a beautiful updated kitchen, neutral paint throughout and refreshed bathrooms featuring a new shower and toilets. Every corner of the home reflects a level of care that ensures the new owners can focus on settling in rather than a to-do list. Plus, the location puts you in a prime spot to enjoy the best of Fort Worth. You can be on the Trinity Trails or at Foster Park in minutes, and the commute to downtown or local schools is as easy as it gets. This isn't just a house that looks great in photos; it is a well-maintained home where the heavy lifting is done and the lifestyle is already built-in. From the updated systems to the premier Westcliff location, this home is ready for its next owner to move in and enjoy it.
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.
