Ideally located just 10 minutes from Downtown Fort Worth on the east side, this beautifully updated townhome backs to the community’s tree-lined greenbelt with a seasonal creek, offering peaceful views and a tranquil setting - perfectly positioned between Fort Worth and Arlington. This compact in size, yet large in functionality and charm, townhome boasts an open-concept layout that seamlessly connects the living, kitchen, and dining areas. As you step inside, you’re greeted by an inviting living room with vaulted ceilings and a cozy fireplace, perfect for both family relaxation and entertaining guests. Prepare meals in the stylish and functional kitchen, featuring crisp white cabinetry that contrasts beautifully with the black fixtures and appliances. Just off the dining area, an upper balcony provides the perfect spot to savor your morning coffee while enjoying the serene views. A versatile space near the entry can easily function as a second dining area or home office. Privacy is not a concern, as both bedrooms are located on the lower level. The primary suite features a dedicated bath with separate vanities and direct access to a secluded patio. Comfortably sized, the secondary bedroom is near a full bath with a rustic-chic vanity and vessel sink. Community amenities include a clubhouse, sparkling pool, tennis courts, and scenic walking trails. Enjoy easy maintenance living as the HOA maintains the grounds. Prime location with easy access to Interstate 30, Highway 820, and a variety of shops, restaurants, recreation, and local attractions, including AT&T Stadium, Globe Life Field, and the Fort Worth Stockyards.
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.
