**Motivated Seller!** Welcome home to a space that feels both calming and intentional. Constructed in 2021, the layout of this 1,886 square foot home was created to retreat from the outside to have the feeling of comfort. From the moment you walk in, you are greeted with natural light, rich flooring, and an open, airy layout designed for connection. Whether you are enjoying a quiet morning coffee in the breakfast nook, hosting friends and family around the large kitchen island, or winding down in front the fire after a long day, this home offers a relaxed lifestyle with modern touches throughout. Living area features large windows across the back of the home and a wood-burning fireplace featuring Texas limestone. The kitchen is the focal point with a granite island that centers the space. Upper and lower cabinets with a walk-in pantry provides plenty of storage. Eating area is a space that can be as flexbile as you need it to be: keep it as an eating area, make it into an office space, or whatever your family needs it to be. Master suite is located off the living area overlooking the backyard. Walking into the bathroom gives you a feel of a space of tranqulity with separate tub and shower, walk-in closet, double vanity sink, extra storage, and unique style. Additional two bedrooms are located in the front of the home both with spacious closets with a bathroom in between. Situated on approximately half an acre, the spacious backyard provides endless possiblities for outdoor entertaining, building a garden, or adding a swing set. HOA allows for construction of additional spaces like separate garage, shed, or whatever you design. Indian Harbor community has a pool, marina, volunteer fire department, and other features for its members. Enjoy being close to Granbury while not having to pay city taxes - property is located in county taxing only. Come see the unique touches of this home built for comfort and connection.
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.
