There is truly no comparable competition for this location. Welcome Home on 11 Lakeway where comfort, elegance, and the lake lifestyle come together on a private quiet street with only one way in and one way out. NO HOA! This beautifully well maintained 4-bed, 2-bath home offers breathtaking views overlooking Chandlers Landing Marina and Lake Ray Hubbard. Inside, you’ll find multiple living spaces designed for both entertaining and everyday comfort, including formal and casual living rooms centered around a stunning double-sided fireplace. The elegant formal dining room features custom built-in bookcases with glass doors, accent lighting, and a massive crystal chandelier that creates an unforgettable centerpiece. Well maintained floors throughout. The kitchen is designed for space and cooking with ease with double ovens, a cozy seating area, abundant cabinetry, and easily flows into the living spaces. Just off the main living room is a flexible nook perfect for a private office, reading retreat, or relaxing sitting area. The spacious primary suite features a large spa-like bath and both bathrooms showcase beautiful upgraded tile work. Additional upgrades include sunscreens on the windows for energy efficiency, epoxy garage flooring, built-in garage shelving, and thoughtful details throughout. Modest laundry room includes stackable washer and dryer. Step outside to your backyard oasis complete with a pergola and gas hookup ready for outdoor entertaining and summer gatherings. The long paved driveway, mature landscaping, motion lights, sprinkler system and exceptional curb appeal make this property truly stand out. This home has elbow room on each side and elevated for great evening backyard views. Enjoy peaceful lake-area living with convenience, charm, and space to entertain all just moments from Lake Ray Hubbard and Chandlers Landing Marina. Sellers are also willing to sell some of the furniture as well to make it easy and move in ready. Rockwall ISD.
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.
