Welcome to 1309 Foxtail Court in the heart of Godley, an exceptional residence showcasing the highly sought-after Magnolia III floor plan by Bloomfield Homes — the largest Magnolia III design offered in the community and a floor plan that is no longer being built at this size in the neighborhood. Positioned on a $20,000 premium lot, this expansive 6-bedroom, 4-bath luxury home was thoughtfully designed for elevated living and seamless multi-generational comfort. Featuring two spacious primary ensuites — one on the main level and one upstairs — the layout provides unmatched flexibility and privacy. The downstairs primary retreat offers a spa-inspired bath complete with dual sitting areas, creating a true sanctuary within the home. The upgraded Deluxe Kitchen serves as the showpiece of the residence, opening effortlessly into grand living and dining spaces ideal for entertaining. Soaring ceilings, abundant natural light, upgraded flooring, and refined finishes throughout create an atmosphere of sophistication and warmth. Two expansive living areas provide versatility for hosting, relaxation, or media enjoyment. Designed for modern lifestyles, the garage has been enhanced to accommodate a private gym space, while upgraded Govee exterior lighting adds both elegance and ambiance to the home’s curb appeal. Step into the oversized backyard where a custom fire pit creates the perfect setting for evening gatherings under the Texas sky. Located in a desirable community with convenient access to shopping, schools, and commuter routes to Fort Worth, this residence offers the perfect blend of luxury, function, and lifestyle. This is more than a home — it is one of the most distinguished and spacious Magnolia III properties available in the area. An extraordinary opportunity for those seeking size, sophistication, and long-term value.
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.
