Back on market. Income-Producing Arlington Duplex With Tenants Already In Place. Investment opportunity in Arlington with both Unit A and Unit B included in the sale. This one-story residential income property offers a total of 1,792 square feet, with each unit featuring 2 bedrooms and 1 bath. Both units are currently leased, providing existing rental income from day one. Each tenant pays $1,500 per month. Unit A has a lease in place through June 2027, and Unit B has a lease in place through January 2027. Roof replaced in 2020. Unit A received updates in May 2026, including, various updates on bathroom, replaced ceiling fan and light in living area, replaced kitchen sink, faucet and garbage disposal, replaced front door, added microwave with vent over range, and HVAC service. Unit B received updates in summer 2023, including a replaced front door, interior paint, bathroom renovation with replaced vanity, shower tile, shower faucets, and bathroom tile, kitchen cabinets with countertop and sink, three ceiling fans, closet door, baseboards, and tile flooring. Exterior features include large fenced front yard and paved front parking areas on each side, with parking for approximately 4 cars per side. No garage. Convenient Arlington location near Downtown Arlington, AT&T Stadium, Globe Life Field, Texas Live!, Choctaw Stadium, Six Flags Over Texas, Hurricane Harbor Arlington, University of Texas at Arlington, College Park Center, Arlington Memorial Hospital, dining, retail, entertainment, and major area destinations. A strong option for investors seeking an income-producing duplex with tenants already in place. Tenant-occupied property. Do not disturb tenants. Contact listing agent for showing coordination.
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.
