Welcome to Lakeside Meadows Estates, one of Garland’s hidden gems near Lake Ray Hubbard, known for its mature trees, oversized lots, beautiful homes, and peaceful neighborhood feel that’s becoming harder to find in DFW. Tucked inside this well-established community, residents enjoy scenic green spaces, a neighborhood pond, and a slower-paced atmosphere while still being just minutes from major highways, shopping, dining, and waterfront recreation. Situated on a large .38-acre lot, this 4-bedroom, 2.5-bath home offers the kind of space and flexibility today’s buyers are craving. Inside, you’ll find multiple living and dining areas ideal for entertaining, hosting holidays, working from home, or simply spreading out comfortably. Large windows bring in natural light while the mature trees surrounding the property create privacy and character you simply do not get in most neighborhoods. Step outside and the backyard becomes the real hang out spot. The inground pool created for a true private retreat with room to relax, entertain, and enjoy long Texas summers. The oversized backyard still leaves plenty of space for pets, play, gardening, or future outdoor living additions. Extended parking and a rear-entry garage provide additional functionality for your hobby toys or extra vehicles — a rare advantage in this area. A powered storage building adds even more versatility for hobbies, tools, workshop space, or additional storage. Location matters — and this one delivers. Just minutes from Lake Ray Hubbard, homeowners can enjoy boating, fishing, waterfront dining, parks, trails, and outdoor recreation while maintaining quick access to I-30, George Bush Turnpike, and Downtown Dallas. Lakeside Meadows Estates is known for its larger lots, established landscaping, quiet streets, and enduring neighborhood appeal, making this home a standout opportunity for buyers looking for character, space, and lifestyle in the heart of Garland. Come check this one out today!
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.
