If you've been dreaming of wide-open space without giving up the conveniences of modern living, this is the one. Nestled on 3 breathtaking acres inside the gated community of Pecan Plantation, just a short drive from Granbury & under an hour from DFW, this fully renovated 4BR, 3BA home, delivers the peaceful country lifestyle you've been craving, with every luxury upgrade you'd expect in the city. Inside, the gourmet kitchen is stocked with KitchenAid appliances, granite countertops, a butler's pantry, & large walk-in pantry. The open, entertainer-friendly layout flows through two dining areas, a spacious living room & a sunroom finished with pine wood walls & ceiling. Custom cabinetry, 4 & a half inch colonial baseboards, crown molding and barn doors give rooms a warm, elevated feel — while major system upgrades including PEX plumbing, dual HVAC units, roof with solar exhaust fans, leaf-filter gutters, windows, doors, electrical, plus a full security system, mean you can simply move in & enjoy. Spa-worthy bathrooms feature a jetted master tub with heater, an oversized Jack & Jill tub, all-new tile, fixtures, and glass shower doors. The oversized laundry room with sink & attached 3-car garage round out the practical side of this extraordinary home. Step outside & you'll forget you ever needed the city. Backyard centers around a sparkling saline pool & right beside it, a stunning 1,200 sq ft pool house complete with a custom kitchen, beverage fridge, ice maker & full bath. Workshop with electric, sink & roll-up doors makes it equally functional. Mature pecan trees, lush landscaping, full irrigation, RV parking, & horses allowed complete your private retreat. And when you do want to venture out? Pecan Plantation delivers. Enjoy 24-7 gated security plus an unparalleled lifestyle with golf, swimming pools, tennis, pickleball courts, fine dining, pharmacy, bank, car wash, grocery store & more, all without leaving the gates. Come see it, Life happens here!
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.
