VA loan
1 of 24
VA loan
$398,000 SIGNIN

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3237 Olive Pl, Fort Worth, TX 76116

3 beds · 2 baths · 1,869 sqft

This beautiful home offers plenty of space for a growing family. It features two large living areas, three spacious bedrooms, and two full bathrooms. The open-concept layout includes a large kitchen that separates the living areas. Crown molding and neutral colors enhance the overall aesthetic, along with stylish lighting fixtures. Additionally, a man cave in the backyard can easily be converted into a sizable game room or an extra bedroom. This property also offers ample storage, including two storage buildings. A wood fence surrounds the entire lot for added privacy and security. The front garage, along with a detached garage in the back, and the spread-out bedrooms and living areas offer space like no other. The beautiful corner lot has a dog run for Fido. You will love this home. It's close to all highways, shopping, and restaurants, so schedule your private viewing of this home today. You won't be disappointed.

Estimated
Seller's interest rate
3%
7%
Estimated
Monthly payment

$1,874
$2,621
You may also save up to $239,793 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.


Open house
Apr 19 • 1PM - 5PM
Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,621 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
VA
Rate
3%
Remaining term
26 yrs and 9 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,874
Principal & interest
$1,431
Mortgage insurance
-
Property taxes
$100
Home insurance
$341
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,869 sqft
Lot size
0.23 acres
Year built
1954
Type
Single Family Residence
HOA dues
$0.00

Source: NTREIS #20886856

Qualify

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.

Resources
Frequently asked questions

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.

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.

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 620, 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.

View all FAQs
Last updated: Apr 16, 2025 06:11 pm
Listing agent: Teresa Lee (682) 553-3378
Listing provided courtesy of: T. Lee's Heart of Tx Real Esta (682) 553-3378
Details provided by NTREIS and may not match the public record.
MLS ID: #20886856
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
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