PRICE REDUCED + CLOSING COST OFFERED! MOTIVATED SELLER. BRING YOUR OFFERS. Welcome to this beautifully designed 5-bedroom home offering space (office upstairs can be your 6th bedroom), comfort, and versatility for modern living. Freshly painted thought out with brand new carpet upstairs. Situated on a generous 0.35-acre lot, this property is perfect for both everyday living and entertaining. The main level features an owner's suite with two closets, providing ample storage and privacy. A dedicated home office makes remote work effortless, while the open-concept kitchen and living room create a warm, inviting space for gathering. A formal dining area adds the perfect touch for hosting dinners for special occasions or can be used as a second home office/flex space (dedicated office). Upstairs, you'll find 4 additional bedrooms along with a spacious game room, ideal for recreation, relaxation, or a media room space, a dedicated office and two full baths. Step outside to your expansive backyard oasis, complete with a large deck, large patio, a gazebo, and storage shed-perfect for family gatherings, barbecues, and outdoor entertaining. A charming front porch adds to the home's welcoming curb appeal. Additional highlights include: 3.5 bathrooms 3-car garage, TWO washer and dryer connections (one 1st level and one second level), and solar panels for energy efficiency. This home truly has space, functionality, and features designed for comfortable living and memorable moments. Home is right across from neighborhood pool and park for your convenience. Minutes away, from shopping, restaurants, Military Bases, major highways and entertainment. 10403 DAKOTA RIVER, CONVERSE, TX EXTRA FEATURES: 1. TWO WASHER DRYER CONNECTIONS, ONE DOWNSTAIRS AND LAUNDRY ROOM 2ND FLOOR 2. TWO WATER HEATERS. ONE YEAR OLD 3. WATER SOFTERNER CONVEYS. WATER SOFTER STAYS 4. THERMOSTAT IS ONE YEAR OLD 5. FOUR/4 WATER SPICKETS- AT EACH CORNER OF HOUSE 6. ADDITIONAL OVERHEAD STORAGE IN GARAGE 7. TILED PATIO AND PORCH 8. LARGE SHED IN BACK YARD FOR STORAGE 9. FRESHLY PAINTED DECK 10. LOW HOA DUES 11. CLOSE TO RANDOLPH AND DOD SCHOOLS 12. GARAGE FULLY INSULATED 13. LOW HEATING COST RANGEING FROM ZERO/TO $150, $150 IN THE SUMMER AND ZERO/0 IN WINTER 14. SOLAR PANELS HAVE 20 YEAR LIFE 15. $$$$$$ OFFERING TOWARD CLOSING COST!! REFRIGERATOR DOES NOT CONVEY. OUTDOOR FURNITURE DOES NOT CONVEY.
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.
