Charming two-story home nestled in sought-after Flower Mound, perfectly situated on a quiet interior lot surrounded by mature trees. A welcoming front-entry two-car garage and impressive curb appeal set the stage for this move-in-ready residence. Step inside to a grand entry featuring soaring ceilings and beautiful plank flooring that flows throughout the main living areas. Just off the foyer is a spacious private study that offers incredible flexibility and could easily serve as a formal dining room or secondary living area. A convenient first-floor half bath and full-size utility room add everyday functionality. The expansive kitchen is designed for both entertaining and daily living, featuring a large center island, granite countertops, gas cooktop, decorative tile backsplash, and an abundance of cabinetry providing exceptional storage. The sunny breakfast nook is filled with natural light from a stunning double wall of windows overlooking the backyard. spacious family room offers beautiful pool views, elegant crown molding, and a cozy fireplace. Tucked away for privacy, the primary suite features bay windows, tiered ceilings, and a well-appointed ensuite bath complete with dual vanities, a garden tub, separate shower, and generous walk-in closet. Upstairs, you'll find a large game room, two generously sized secondary bedrooms, and a full bath, providing plenty of space for family and guests. The backyard is a true retreat, offering a pergola-covered patio, extended open patio space, sparkling diving pool with spa, storage shed, and mature trees that create a private, park-like setting. Located within the acclaimed Lewisville ISD and zoned to highly sought-after Flower Mound High School feeder schools, this exceptional home offers an outstanding educational opportunity. Just minutes from Rustic Timbers Park, premier shopping, dining, and major commuter routes, this property combines comfort, convenience, and outdoor enjoyment in one beautiful package.
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.
