Welcome to 6004 Ken Ave, where craftsmanship, space, and thoughtful design set this home apart from anything else currently available in the area. Situated on a rare double lot, 6000 Ken and 6004 Ken, this property offers a level of privacy, flexibility, and outdoor space that is difficult to find at this price point. While other homes may offer more square footage, this home stands out with higher end finishes, quality upgrades, and nearly 1.5 acres of usable land. Inside, the home combines classic character with clean, modern updates. The kitchen features include solid wood custom shaker cabinetry, authentic Carrara marble countertops, a stainless steel gas range, and designer tile sourced from French Brown in Dallas. Vaulted ceilings with exposed wood beams and a stone fireplace add structure and warmth to the main living area. A standout feature is the 1 inch thick, triple milled Grade 1 maple flooring throughout, a level of finish rarely seen in this market. Additional upgrades include classic wood window casings, rarely found in new construction due to cost, high end hardware, and a well designed floor plan with added living space, making the home functional for both daily living and entertaining. Outside, the property continues to deliver. The large in ground pool offers a true backyard focal point and plenty of space for relaxing or entertaining. The double lot also includes a 25 x 50 workshop and still leaves ample room for future additions such as a guest house, pool house, or space for animals. The current owners even enjoy fresh eggs from their chicken coop. The layout of the land provides flexibility that is hard to find within the city. This is not a price per square foot home. This is a quality driven property for buyers who value upgraded finishes, usable land, and a rare double lot location in the heart of Arlington.
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.
