BUILT BY D.R. HORTON in the FABULOUS COMMUNITY of HIGH COUNTRY in AUBREY, TEXAS for UNDER $400K! Discover exceptional value and endless potential, even for Investors in this beautiful, nearly new 1.5 Story with huge upstairs Game Room, complete with full bath! Surrounded by full brick construction with stone accents, the property offers inviting curb appeal, including a huge 44'x11' extended back patio, perfect for family gatherings! A gorgeous chandelier and light up art niche greet you upon entering this spacious open floorplan, with neutral colors throughout, eyebrow arched entries, multiple tray ceilings and LVP & tile floors that flow seamlessly throughout the house. The large Chef's Kitchen is located in the heart of the Home with quartz countertops, massive seating Island, an abundance of cabinets with pull handles, butlers pantry, Whirlpool stainless steel appliances, 5 burner gas Range and walk-in Pantry with an additional chandelier in the open dining area. The oversized laundry is located right off the Kitchen with storage cabinet, drip dry rod, extra space for a freezer or folding table and a handy Mud Room by the garage. The spacious main living area offers a cozy fireplace with gas logs and starter, wood mantel and split level staircase with wrought iron stair balusters. The private downstairs suite features an over sized walk-in closet with double stacked rods, built-in storage bin, oversized seated Shower and wide two sink vanity. Two additional Bedrooms and full bath are located on the right side of the house with an additional fourth Bedroom, currently being used an an Office on the left. Nicely landscaped yard with gutters, sprinkler system and the builders structural warranty still in effect. The Community amenities include pool, walking trails, sidewalks, pond, park, playground and greenbelt, all just minutes from the House with a short commute to Denton, Frisco and major highways. Schedule your showing to see this amazing, spotless Home today!
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.
