1820 College Ave, Fort Worth, TX 76110
3 beds · 2 baths · 1,715 sqft
Step into a piece of history with this beautifully preserved and tastefully updated home, charming the public for over a century. With 103 years of character, this home seamlessly blends historic elegance with modern functionality. Featuring three bedrooms—one of which can serve as a dedicated office with its own en suite bathroom—this home offers versatility to suit your needs. Gorgeous true hardwood flooring flows throughout, complementing the classic shotgun layout, perfect for entertaining with its wide-open spaces. A rare gem for the area, the backyard boasts a serene garden and a separate fenced section, ideal for a dog run. The detached two-car garage, paved driveway, and sturdy privacy fence between properties provide ample off-street parking for guests. The updated kitchen is both stylish and functional, featuring quartz countertops, floating shelves, and high-end KitchenAid appliances. The primary bathroom maintains the home’s historic charm while incorporating modern luxury with beautiful upgraded tile flooring and marble accents. Timeless and inviting, this home welcomes you from the moment you step inside—offering the perfect balance of history, elegance, and modern comfort.
Source: NTREIS #20878796
Financials
Source: Public records
Source: NTREIS #20878796
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.