1635 W Pentagon Pkwy Dallas, TX 75224
Your savings
About this home
Assumable loan with a 3.25% interest rate! Welcome to Oak Park Estates, right at the entrance of the beautiful Kiestwood Trail and sitting directly across from the scenic Five Mile Creek greenbelt. This home still holds its original charm and has been well cared for over the years. You’ll love the great curb appeal with its tiered front lawn, giving the home a warm and inviting look from the moment you arrive. This home features a classic galley-style kitchen with an abundance of beautiful wood cabinetry and sleek granite countertops. With 4 bedrooms and 2.5 bathrooms, the layout includes an en-suite bath in one of the secondary bedrooms and a large walk-in shower in the primary bathroom. Each bedroom is finished with durable epoxy flooring, adding a modern, polished touch throughout. Important additional features: this property comes with a generator connection in the garage, 360 wireless security system, and an automatic gate which gives you access to the backyard for additional parking. Step outside to a peaceful backyard oasis, perfect for relaxing after a long day or hosting friends on the weekend. It’s a classic Oak Park Estates home that blends comfort, character, and location. Ideally located near I-35E, Loop 12, and Highway 67, offering easy access to Dallas ISD schools, nearby Kiest Park with sports fields and playgrounds, the Dallas Zoo, vibrant Bishop Arts District and beyond. Prior to viewing the property a pre-approval letter or proof of funds will need to be submitted to the listing agent.
Source: NTREIS #21048429
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.