Charming north-facing St. Louis messy-mortar brick home in the desirable Carrera subdivision of Denton, TX — NO HOA. This beauty blends modern French style with a hint of château elegance. Meticulously designed for today’s lifestyle, the home welcomes you with such an inviting foyer that flows into an open-concept living area centered on a captivating winding staircase, abundant windows, rich finishes, and a cozy fireplace. The gourmet kitchen is a chef’s dream with high-end stainless steel appliances, generous counter space, a large island, and custom cabinetry for effortless entertaining. Easy hosting supported by an extra pantry and space for a second full-size refrigerator in the enormous laundry room. Retreat to the serene owner’s suite featuring a spa-like bath, walk-in shower, dual vanities, and a large vaulted built-in closet. Slip out of your suite for a late night cap & chat at the fire pit. Additional bedrooms provide flexible space for guests, plus a game room, dressing vanities, and a home office. Upscale wide-plank triple handscraped wood flooring flows throughout, complemented by designer lighting, ample storage, and tasteful millwork. Step outside to a private, landscaped yard — ideal for pollinators — and entertain year-round with an outdoor kitchen, fireplace, and heated saltwater pool and spa. Enjoy the covered patio, perfect for outdoor dining, music, and relaxing evenings. Offset electric costs with your very own solar panels. Bring designer poultry for the coop, tend your garden in the greenhouse, and learn beekeeping for future harvests. An exceptional opportunity for elegant, self-sustainable, move-in-ready living in one of Denton’s most sought-after communities. Agent is Owner
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.
