Space to breathe and room to grow just outside the city limits in highly sought after Bullard ISD. This custom built 2021 home offers nearly one acre of land with no HOA, providing the privacy and freedom many buyers are searching for while still being only twenty minutes from shopping, dining, and medical facilities in Tyler. Designed for everyday living, the open concept layout welcomes you with a comfortable living area featuring a cozy corner fireplace and large windows that overlook the covered back patio and private backyard. Neutral colors, abundant natural light, and thoughtful flow make this home feel inviting and move in ready. The kitchen is both functional and inviting with a gas range, extensive custom cabinetry, generous storage, and a dedicated coffee nook that adds charm and convenience. It is a space well suited for busy mornings, casual meals, and gathering with family and friends. The primary suite is privately located and features tray ceilings along with an ensuite bath offering dual sinks, a garden tub, and a separate shower, creating a relaxing retreat. Two additional bedrooms and a second full bath provide flexibility for family, guests, or home office needs. Outside, the approximately .975 acre lot is fully privacy fenced, offering space to garden, play, or simply enjoy the peaceful setting. Additional highlights include extra insulation, excellent storage throughout, a spacious laundry room, a two car garage, and an aerobic septic system. Well maintained and thoughtfully built, this home competes directly with new construction while offering land, privacy, and freedom that are increasingly hard to find.
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.
