Welcome to your little piece of heaven that sits on over an acre lot! As you arrive, the home immediately welcomes you with a peaceful landscape dotted with over 30 mature trees that offer both beauty and privacy. Stepping toward the entrance you're greeted by flagstone flooring and rock exterior accents that adds natural texture and timeless character. Walking through the grand front doors you will be greeted by rock archways and porcelain ceramic tile that guide you from room to room. The main living room centers around a beautiful rock fireplace creating a cozy focal point that anchors the home. Your study area offers a quiet retreat with vinyl wood flooring, coffer ceilings, and Texas size French Doors making it the perfect space for work or study. As you continue, the kitchen opens up as the heart of the home featuring granite countertops, Island, a stainless steel vent hood, pot filler, breakfast bar, and a gorgeous backsplash. Your cooktop is framed by rock, tying in seamlessly with the home's natural elements, while stainless steel appliances complete the space with a modern touch. The primary suite feels like its own private escape with direct access to the outdoors. Inside you'll find crown molding, multiple closets, and a luxurious ensuite bath complete with a walk-through shower featuring a rain showerhead, a garden tub with jets and dual granite vanities. Throughout the rest of the home, thoughtful upgrades continue with a central vacuum system, Ecobee programmable thermostat, and an AC system enhanced with a blue light feature for added air quality. Just beyond, the outdoor living space unfolds with an impressive wood-burning fireplace, 30x17 patio, shed, garden & raised bedding area and wet bar area, perfect for entertaining or enjoying quiet evenings under the Texas sky. This isn't just a house-it's a place where every space tells a story, and every feature invites you to stay a little longer.
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.
