6208 Malvey Ave, Fort Worth, TX 76116
3 beds · 2 baths · 1,824 sqft
Nestled in a desirable Ridglea North, this delightful three bedroom, two bathroom English cottage-style home offers the perfect blend of classic charm and modern convenience. The exterior has been thoughtfully reimagined, with the home taken down to the studs and upgraded with durable James Hardie Artisan siding, complemented by beautiful brick and stone accents. Step inside to discover a welcoming atmosphere with a perfect balance of charm and refined touches. The freshly painted kitchen cabinets and walls create a bright, inviting space, while the hardwood floors and saltillo tile throughout add warmth and character. The homes open and spacious design flows seamlessly between living areas, offering an ideal setting for both everyday living and entertaining. Outside, enjoy a covered patio, perfect for relaxing or hosting gatherings, and a low-maintenance backyard featuring turf for year-round green space. A small above-ground wading pool offers the perfect place to cool off on warm days. Side entrance is equipped with a new electric gate, provides privacy and convenience. Located just blocks away from Camp Bowie’s vibrant shopping and dining scene, and only a short drive to Fort Worth’s Cultural District, this home combines the best of both worlds, peaceful residential living with easy access to the city’s top attractions. Just a few steps away from little grassy park for playing with the dogs or playing catch! Buyer and buyers agent to verify room measurements and schools. **Seller offering $5,000 towards buyer closing cost**
Source: NTREIS #20861718
Source: NTREIS #20861718
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.