Welcome to this beautifully well-maintained 5-bedroom, 3 full bathroom home situated on over 2 acres of unrestricted land, offering the perfect blend of privacy, comfort, and endless potential. With over 2,300 square feet of thoughtfully designed living space, this move-in-ready property is ready to welcome its new owners. Located within a private code-gated community, the fully fenced property provides both security and peace of mind. Exterior features include a durable metal roof, updated siding, a 2-car carport, and an additional storage shed for added convenience. Inside, you'll find vaulted ceilings, luxury vinyl plank flooring throughout, and recessed lighting throughout creating a bright, open, and modern feel. The spacious kitchen is designed for both everyday living and entertaining, featuring stainless steel appliances, a stainless steel hood range, stylish glass tile backsplash, and an oversized island ideal for gathering with family and guests. The primary suite offers a private retreat with custom shelving in the walk-in closet, a tiled walk-in shower, soaking tub, dual vanity sinks, plenty of storage cabinets and sleek black fixtures that carry throughout the home. Four additional spacious bedrooms each feature walk-in closets, with a convenient Jack-and-Jill bathroom connecting two of the secondary bedrooms. Enjoy outdoor living at its finest with a spacious 25x15 artificial turf area, perfect for comfortably gathering with family and friends to watch sporting events, boxing matches, or movie nights under the stars. The backyard also features a beautifully graveled seating area with a cozy fire pit, creating the ideal space to relax and entertain. With ample room remaining, there is plenty of space to design and create your own private backyard oasis. The possibilities are endless with having the ability to build a casita, an in-ground pool, barndominium, or workshop, or anything your heart desires on this beautiful slice of Texas. A rare opportunity to own acreage, privacy, and modern upgrades all in one exceptional property! Schedule your private showing today before it's gone.
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.
