Welcome to 10338 Country Club Dr — more space, more function, and more home than you'll typically find in Old Lake Highlands. This 4 bedroom, 2 bath home delivers 2,186 sqft on a generous 50x150 lot, making it one of the larger footprints in the neighborhood ideal for a growing family or anyone who's been sacrificing space to stay inside the loop. Start mornings on the front porch, unwind evenings on the screened-in back porch, and enjoy a backyard ready for pets, cookouts, or just breathing room. Inside, freshly painted walls, hardwood floors, tiled living areas, and recessed lighting set a warm, comfortable tone. The kitchen is well-equipped with stainless steel appliances, a gas stove, Whirlpool dishwasher, Frigidaire refrigerator, under-cabinet LED lighting, abundant cabinetry, and a cold water filter and it flows naturally into the dining area. A standout feature: the modern Jefferson alternating tread staircase with sleek stair rails leads to an upstairs flex space loft, giving you a versatile bonus room, home office, studio, playroom, or teen retreat with its own vented AC. The extended driveway is gated for privacy, leads to a covered 2-car carport, and accommodates 6+ vehicles, plus a front gravel pad for guests. Two storage sheds handle the overflow. Practical upgrades are already done: 2019 Goodman 5-ton HVAC (14 SEER), Carrier air handler, 2020 water heater, 2019 roof, double-pane windows, gutters with leaf guards, and a 2024 wood privacy fence. A mile from White Rock Lake, minutes from Hexter Elementary, local shops, and restaurants this is the space you've been looking for, in the neighborhood you actually want.
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.
