BIG buyer incentive! Seller is covering ALL closing costs plus offering a rate buy down. Buyers may qualify for a 5.25% fixed rate or a 1:0 buy down—4.25% the first year, then 5.25% fixed. Contact our preferred lender for full details and qualification. Welcome to this beautifully upgraded two-story home offering 4 bedrooms, 2.5 baths, and a dedicated office, perfectly blending comfort, functionality, and style. Inside, an elegant office with French doors creates an ideal work-from-home space. A hallway leads to a coat closet and a spacious half bath with a custom vanity. Nearby, the well-designed laundry room offers garage access, a single basin sink, custom vanity, and overhead cabinetry. The heart of the home is the open kitchen, dining, and living area—perfect for entertaining and everyday living. The kitchen features granite countertops, an oversized island for dining and gathering, a coffee bar, generous walk-in pantry, and all-electric appliances, including a refrigerator that conveys. Tile flooring flows throughout the main areas, and plantation shutters with a lifetime warranty help keep the home energy-efficient and comfortable. The main-level primary suite includes a dual vanity bath, stand-up shower, and a massive walk-in closet that wraps under the stairs for extra storage. Upstairs, a large loft with recessed lighting connects to three spacious bedrooms, each with walk-in closets, and a full bath with a dual vanity and tub/shower combo. Step outside to an extended covered patio with retractable sunshades, ideal for relaxing or hosting guests. The meticulously maintained lawn and three-sided stone exterior with lap siding add durability, charm, and curb appeal. Located a short walk from the community pool, park, and soccer pitch—and minutes from Belton ISD schools, Crossroads Park, and shopping and dining along West Adams—this home offers convenience, quality, and an exceptional location.
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.
