Better than new loaded with upgrades on a corner lot plus elevation upgrade package. This Pulte home has it all. Enter to a large open area with deluxe kitchen, massive island with beautiful quartz type silestone, storage on both sides of island, deep single bowl sink with single handle faucet, kitchen aid appliance upgrade, gas range, pull out wooden drawers for easy storage throughout all cabinets in the home and pendant lighting. All flooring was upgraded to tile, so no carpet! While cooking enjoy your company at the island or in the adjacent dining and living areas with flat screen tv wiring, plenty of natural light and tray ceiling with extra canned lighting upgrade package and crown molding trim. Enclosed sun room at rear adds extra seating area for additional living, hobby area, or even your mahjong table! Venture out to the covered lanai from the sun room and notice the epoxy covered concrete, ceiling fan and nice yard. The primary bedroom in rear adds additional privacy with tray ceiling and black out draperies. The spa like bath has large quartz vanity with two upgraded deep square sinks, framed mirror, separate shower, full walk in closet and linen closet. Guest bedroom is private and convenient to kitchen and bath areas. Secondary bath has quartz vanity, deep square sink upgrade and upgraded tile in bath. The garage area has many upgrades including electrical, that adds 6 outlets either in ceiling or wall for workshop like area, epoxy covered garage flooring,sprinkler system controller, tankless water heater and attic access. Coat closet and additional storage at entry from garage. Home has upgraded blinds with touch smart sizing, no strings for safety purposes. Located in the popular 55+ community of Union Park with amenities including a fitness center, pool, sports court, walking trails and a 35 acre park area. Great location just north of 380 with easy access to Costco, HEB, shopping of all types and many restaurant choices. Come and enjoy!
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.
