Welcome to 1214 Fawn Ridge Drive in Duncanville, where generous living space, inviting outdoor amenities, and thoughtful updates come together in a setting designed for both everyday comfort and easy entertaining. This spacious 4-bedroom home offers more than 2,600 square feet with multiple dining areas, abundant natural light, and warm wood flooring that adds character throughout the main spaces. The layout provides flexibility for relaxing, gathering, working from home, or hosting guests. The main living area offers plenty of room to unwind, while the kitchen features extensive cabinetry, sleek countertops, stainless steel appliances, double ovens, and excellent prep and storage space. A charming breakfast area with wood ceiling detail creates an inviting spot for casual meals, while additional dining and living spaces allow the home to adapt to a variety of needs. The resort-style backyard is a standout feature, offering a sparkling pool, covered patio, pergola-style outdoor living area, and plenty of space to enjoy Texas summers. Whether hosting weekend get-togethers, relaxing poolside, or creating your own backyard retreat, this outdoor space offers year-round enjoyment. The garage comfortably accommodates one vehicle, with additional driveway space for parking. Recent updates include HVAC replaced in 2024, water heater replaced in 2022, and roof replaced in 2021, giving buyers added peace of mind. Ideally located in Duncanville with convenient access to Interstate 20, Highway 67, and downtown Dallas, this home is close to shopping, dining, parks, recreation, and everyday conveniences. Nearby attractions include Armstrong Park, Lakeside Park, Joe Pool Lake, and Cedar Hill Stat Park, offering abundant opportunities for outdoor activities. A recently adjusted price presents a great opportunity for buyers seeking space, updates, and a backyard retreat.
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.
