Luxury Gated Living in Burleson located in the highly sought after the Hidden Vista Landmark Estates 3 BR, 2 BA, 3 Car Garage Experience the perfect blend of rustic elegance and modern innovation in this stunning one story retreat. Located in a quiet, gated enclave, this home boasts towering ceilings, natural light with over-sized windows, and premium upgrades designed for effortless living. Home Highlights Car enthusiasts and hobbyists, take note! This property features a 3 car garage with a unique Pass Through Feature. The single car garage section includes both front and rear overhead doors, allowing for seamless backyard access or a refreshing cross breeze while you work. Sophisticated Living Spaces Step inside to experience towering ceilings and an abundance of natural light pouring through large windows. Smart Comfort The living room is equipped with remote controlled electric blinds, allowing you to set the mood at the touch of a button. Cozy ambiance, Gather around the natural stone gas fireplace, hard wood floors in common areas, the focal point of the expansive living area. Flexible Layout In addition to 3 spacious bedrooms, the home offers a dedicated office bonus room and convertible attic space. A Chef’s Dream and Designer Finishes The kitchen is a masterclass in style and utility. Elegant granite counter tops and a convenient butler’s pantry. A dedicated mudroom and laundry suite to keep life organized. An En Suite retreat boasting his and hers vanities and a massive, expansive walk in shower. Seamless Indoor Outdoor Entertaining Why choose between inside and out? This home offers two backyard patios designed for year round enjoyment. A large covered back patio featuring an electric screen enclosure. Use the remote to transition from an open air breeze to a protected, all weather sanctuary in seconds. Keep your lawn pristine with the integrated sprinkler system serving the lush green grounds.
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.
