Welcome to your Dream Home in the Heart of Waxahachie! This beautiful & charming 1 story home is perfectly situated on a generous 1+ acre lot & features 4 bedrooms, 3 full baths & a dedicated home office with French doors, perfect for remote work, studying or hobbies. This home combines comfort, style & convenience, offering an open concept layout that seamlessly connects the kitchen, living & dining areas which is ideal for entertaining guests. The spacious eat-in kitchen is a chef's delight & features an oversized center island with countertop seating, beautiful granite counters, gas range, ss appliances & tons of counter space with ample cabinetry. The split Primary Suite is generous in size & includes an ensuite bath with dual vanities, large soaking tub, sep shower & spacious walk-in closet. The main living area features an inviting atmosphere with beautiful wood flooring & a cozy gas fireplace that adds warmth & charm. A convenient Jack & Jill bathroom connects two of the secondary bedrooms & features sep vanities & a shower-tub combo for functional living. This property offers ample outdoor space to create your dream backyard retreat in a peaceful countryside setting. The massive backyard includes a large covered patio along with a spacious dog run and is ready for summer gatherings & outdoor activities such as gardening, outdoor entertaining or the addition of a swimming pool, creating a true outdoor retreat! Other features & updates include a sep laundry room, Nest thermostat, fresh interior paint (2026) new carpet (2026) new backdoor (2025) new roof (2023) new fence (2024) new septic system with lifetime warranty (2024) and an attached 2 car side entry garage with ample space for parking & storage. This home is conveniently located near shopping, dining & easy access to highways making it the perfect home for those seeking quiet country living, convenience & outdoor enjoyment!
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.
