Welcome to 5736 Tremont St,, a single-family home in the heart of Dallas, TX Junius Heights Historical district, a highly sought after neighborhood for it's proximity to White Rock Lake, Lakewood, downtown and convenience to freeways.This spacious property offers 1,912 square feet of well-planned living space, featuring 4 bedrooms and 2 full bathrooms, perfect for today's lifestyle needs. As you step inside, you'll appreciate an oversized inviting living space for both relaxation and entertaining. Architecturally significant are the two sets of french doors flanking the living room. Original hardwoods add to the warmth and charm. The spacious kitchen allows plenty of room for gathering and an eat in bar top table if desired. Situated on a corner lot, the yard offers plentiful space for the family gardeners delight.The generously sized primary suite boasts his and hers walk-in closets, an enviable feature for a historical home. The additional bedrooms are versatile and can be utilized as guest rooms, home offices, or a creative studio—the possibilities are endless. Surprises abound as the house feels far more expansive than anticipated when you reflect on its original duplex footprint prior to its single family conversion. Situated on an oversized corner lot this home features a large front yard, side yard plus abundant back yard which features a partial high fence for privacy. A vast coveted 560 SF garage offers the handy person every opportunity for hobbies, work bench, etc. This historical home features multiple large closets plus an attic that offers a plethora of room to expand to a full second level doubling the potential square footage of this conveniently located historical gem.Just minutes to everything Dallas. Solar panels on the garage ensure efficient energy costs while the Electric car charger offers convenience for EV users.Washer, Dryer, Fridge convey.
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.
