Buyer can receive a $2,500 lender credit toward closing costs with financing through Hunter McElroy at Supreme Lending. Directly across from the neighborhood pool with a half-acre fenced yard and bonus basement space, this Dallas home has way more flexibility than most in this price range. Located in one of the last neighborhoods on the border zoned for Russom Elementary School, this beautifully updated home offers an ideal blend of location, lifestyle, and flexibility. The property sits in a less restrictive HOA community with sought-after swim and clubhouse amenities, allowing homeowners to enjoy neighborhood perks which is perfect for buyers seeking convenience and community living. Step inside to soaring vaulted ceilings, abundant natural light, stylish matte-finish lighting, and brand-new flooring, creating a bright, open, and inviting atmosphere that today's buyers love. The updated kitchen features granite countertops, stainless steel appliances, a farmhouse sink, subway tile backsplash, and modern finishes, opening seamlessly to the family room in a desirable open-concept floor plan, ideal for entertaining, hosting gatherings, or everyday living. Upstairs, you'll find two spacious secondary bedrooms, a full bathroom, and a conveniently located laundry area, along with a large owner's suite featuring a custom barn-door closet, oversized ceiling fan, and a spa-inspired en-suite bathroom with dual granite vanities, soaking tub, frameless glass shower, and artisan tile flooring. The finished lower-level bonus room provides flexible space for a home office, media room, playroom, workout space, or homeschool area, giving buyers the versatility they need for modern lifestyles. The oversized garage with high ceilings offers excellent storage and organization options.Outdoor living shines with a fully fenced backyard and wraparound deck, perfect for grilling, relaxing, pets, or entertaining friends and family. The home's location directly across from the community pool makes it easy to enjoy neighborhood amenities all summer long. Conveniently located near 92, this home offers quick access to shopping, dining, parks, and major commuter routes, while still providing the charm of quiet suburban living. With easy access to both Cobb County and Paulding County, this property is ideal for buyers looking for top location, highly rated schools, and strong home value in the growing Dallas real estate market. This updated Dallas GA home with fenced yard, finished bonus space, and swim tennis amenities is the perfect opportunity for buyers seeking move-in ready comfort, modern updates, and a prime location.
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.
