1025 Garraty Rd - Terrell Hills. A modern farmhouse composed with restraint, scale, and warmth - where clean architectural lines meet a quieter, more refined sense of luxury. Set within one of Terrell Hills' most established residential pockets, the home balances openness with intimacy, creating spaces that feel both elevated and deeply livable. The architecture is grounded in contrast: crisp white board-and-batten siding against dark steel accents, natural wood beams, limestone detailing, and a standing seam metal roof that gives the home its strong, tailored silhouette. Inside, the material palette remains disciplined and cohesive - wide-plank oak floors, custom millwork, oversized windows, curated lighting, and elevated ceiling heights that allow natural light to move effortlessly throughout the home. The floor plan was designed with clarity and separation in mind. The primary suite occupies its own private wing on the main level, removed from the rhythm of the secondary bedrooms and living spaces. Generous in scale, the suite opens toward the backyard through oversized glass doors, while the bath introduces a more dramatic tone - black marble surfaces, illuminated mirrors, dual custom vanities, granite countertops, a freestanding soaking tub, and an oversized walk-in shower composed with a boutique hotel sensibility. The central living area is anchored by exposed timber beams and a substantial stone fireplace that gives the space both warmth and architectural presence. The living, dining, and kitchen spaces unfold seamlessly together, creating an environment designed equally for quiet daily living and larger gatherings. The kitchen is architectural in presentation yet highly functional - custom cabinetry, granite countertops, professional-grade appliances, patterned tilework, integrated double ovens, a farmhouse sink, and a large central island finished in warm wood tones that soften the space. Adjacent dining areas create flexibility while maintaining the openness and flow of the home. Secondary bedrooms remain generously scaled, while the upstairs level introduces additional privacy with its own bedrooms, baths, and flexible living area - ideal for guests, media space, or a quieter separation for family living. Outdoor spaces continue the same level of intentionality. A covered patio with a built-in outdoor kitchen extends the living experience beyond the interior walls, overlooking a large, usable backyard framed by mature greenery and layered landscaping. The grounds feel open, private, and designed for long evenings rather than presentation alone. 1025 Garraty Rd is a home defined not by excess, but by proportion, craftsmanship, and atmosphere - a modern farmhouse interpreted through a more refined architectural lens in the heart of Terrell Hills.
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.
