A meticulously maintained treasure tucked into an established Garland neighborhood, this hidden gem offers the kind of everyday convenience and warmth that feels like a rare find. Perfectly positioned just steps from neighborhood W.B. Cooper elementary school, imagine morning strolls, afternoons spent outdoors, and evenings gathered around the backyard multi-use space. Inside, two spacious living areas provide incredible flexibility for the way you live—whether you envision a game room, playroom, home office, media space, or additional entertaining area. The updated kitchen features granite countertops, 42-inch cabinetry, and abundant storage, creating a welcoming heart of the home for everyday living and gatherings alike. The updated primary bath offers a relaxing retreat, while the generously sized bedrooms provide plenty of room to spread out. New carpet installed in 2025 gives the home a fresh finishing touch. Step outside to discover a backyard that is every bit as multifunctional as the home itself. Extensive concrete areas create abundant entertaining space and additional parking opportunities, while the large grassy area leaves plenty of room for pets, play, gardening, or simply enjoying the outdoors. Tucked quietly behind the home, the rear-entry garage remains hidden from both the street and alley, adding to the home’s privacy and curb appeal. Completing the space is a carport and the cutest storage building with its own covered area for equipment and tools. This treasure also comes with extensive updates for peace of mind, including roof replaced approximately 3 years ago, HVAC system including heater and compressor replaced 1 year ago, windows replaced 3 years ago, water heater replaced 5 years ago, sprinkler system installed 2 years ago, vents cleaned 1 year ago, LED lighting throughout, plus additional attic insulation. Homes in this neighborhood rarely come available on the market. When they do you must act 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.
