Welcome to 105 Waterview Pkwy, a beautifully maintained 4 bedroom, 2 bathroom traditional single-family home offering 2,300 square feet of comfortable living space on a generous 10,105 square foot lot. Built in 2006 and thoughtfully updated for modern living, this charming residence combines timeless curb appeal with practical features, in the heart of sought after Waterview Farms subdivision. Step inside to an inviting open layout where decorative lighting, ceiling fans, and ample natural light streaming through double-pane windows. The heart of the home is the cozy wood burning fireplace in the living area, ideal for chilly Texas evenings, while the well equipped kitchen boasts essential appliances including a built -in microwave, electric range-oven, dishwasher, and disposal. Retreat to any of the four generously sized bedrooms, including a serene primary suite, and unwind in the full bathrooms designed for everyday luxury. Outside, the magic continues on your expansive, fully fenced backyard with mature trees, lush landscaping, and plenty of room for play, gardening, or al fresco dining on the covered porch or patio. Park with ease in the 2-car attached garage equipped with an opener, and enjoy peace of mind with included security features like a monitored alarm system and smoke detectors. Energy-efficient touches such as a programmable thermostat and 13 15 SEER AC keep utility bills in check year-round. Nestled in vibrant Red Oak, you're just minutes from top-rated schools, scenic Joe Pool Lake, with easy access to I-35E for a swift commute to Dallas or Fort Worth. With available high-speed internet and city utilities, this home offers suburban serenity with urban convenience in a neighborhood dotted with parks and green spaces. Schedule your private tour today and envision holiday gatherings, backyard barbecues, and countless memories in this Waterview Farms treasure. Contact your Realtor® now because homes like this move fast!
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.
