Located in highly sought after Mansfield ISD, in South Pointe Subdivision. Step inside beautiful well maintained 4-bedroom 3.5-bathroom and be greeted by an expansive space illuminated by an abundance of natural light. The open-concept layout seamlessly connects living, dining and kitchen areas fostering a sense of togetherness and enabling effortless entertainment. The chef’s dream kitchen comes complete with Shaker-style cabinetry, stainless steel appliances, a five-burner gas cooktop, custom vent hood, pots and pans drawers, a built-in trash drawer and an enlarged island. The family room features soaring 20ft ceilings and a wall of windows overlooking the covered back patio. Relax in the private owners suite which consist of beautiful bay windows and an en-suite bathroom which contains dual vanities a spacious walk-in super shower to include a rain shower head and generous closet space. The second floor provides even more space with loft-game room area plus media room and you will find two generous size bedrooms and a full bathroom with dual vanities. The 3-car garage is both stylish and functional, featuring custom cabinets and epoxy floors that provide a clean, polished, and durable finish. Adding to the magic this home has a BRAND NEW (Feb 2026) roof and gutters and is equipped with surround sound wiring in the media room, kitchen and back patio. Residents of South Pointe subdivision also enjoy access to fantastic community amenities, including a club house, playground, pool, jogging paths, serene lakes, perfect recreation, relaxation and an active lifestyle. Washer, dryer, and refrigerator are all negotiable with the right offer.
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.
