Welcome to this inviting and spacious two-story home nestled in the desirable Country Club Park neighborhood of Grand Prairie, just five minutes from the new Epic Entertainment District! This 4-bedroom, 3-bath residence offers 2,741 square feet of comfortable living space on an 8,395-sq-ft lot, ideal for families and entertaining. The main level features high-ceilings throughout, a formal dining room, a dedicated formal sitting room that doubles as a private home office or flex space, a main living area with cozy fireplace, a functional kitchen, a full guest bath, and the private primary suite with en suite bath — giving you a fully self-contained main floor that lives far larger than most homes its size and is perfect for relaxing evenings with family and friends. The heart of the home centers around a functional kitchen and adjacent dining area ready to host meals and celebrations. Large windows fill the interior with natural light, creating an open and welcoming atmosphere throughout. The private primary suite is conveniently located on the main level, while upstairs features three additional bedrooms, a full bath, and a versatile open area ideal for a playroom, second living space, or home office. Outside, enjoy a well-sized yard perfect for outdoor activities, gardening, or future enhancement opportunities. With an attached garage and established landscaping, this property strikes the perfect balance of practical living and Texas charm. Located in Grand Prairie, residents have easy access to SH-161, Interstate-20, and State Highway 360 make commuting to Dallas, Fort Worth, DFW Airport, local amenities, parks, dining, and entertainment, while still enjoying the peace and community feel of Country Club Park.
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.
