Welcome to a home where elegance, comfort, and lifestyle come together in The Lakes of Cross Oak Ranch. From the moment you step through the dramatic rotunda entry, natural light sets a warm tone that instantly feels inviting. The open-concept layout creates effortless flow. The expansive family room, anchored by a wall of windows, offers the perfect backdrop for cozy evenings, holiday celebrations, or relaxed weekends. At the heart of the home, the gourmet kitchen features granite countertops, stainless steel appliances, a expansive working island, breakfast bar and abundant cabinetry. Rich wood flooring adds warmth and timeless character throughout the main living areas. The private owner’s suite is a true retreat tucked away for serenity and relaxation. With space for a sitting area, it’s ideal for morning coffee, evening unwinding, or simply enjoying a moment of calm. The spa-inspired ensuite bath elevates daily routines with a soaking garden tub, dual vanities, a frameless walk-in shower with built-in seating, and a spacious walk-in closet. Secondary bedrooms are generously sized and thoughtfully positioned, offering comfort and privacy for family or guests. The front living area adapts effortlessly to your lifestyle—whether hosting elegant dinners, working from home, or creating a quiet sitting room. A versatile bonus room is perfect for a playroom, media space or home office. Step outside and imagine evenings spent under the covered patio with extended pergola for extra seating or dining. Something special is an oversized three-car garage that provides room for extended trucks or trailers. Beyond your front door, enjoy resort-style community amenities including 2 pools, multiple playgrounds, and a peaceful lake with scenic walking trail just a short stroll away from home. Conveniently located near shopping, dining, and recreation, this home offers more than beautiful design—it offers a lifestyle.
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.
