This is the one you do not want to miss! If you are searching for a beautifully updated home that offers privacy, space, and an incredible backyard retreat, this property truly checks all the boxes. From the moment you walk in, you will love the open concept layout featuring extremely spacious living areas, abundant natural light, and picturesque views through a stunning picture window. Recent updates make this home completely move in ready, including all new flooring throughout, fresh interior and exterior paint, a beautifully stained deck, and two tastefully updated bathrooms. The bedrooms feature brand new carpet, with the added bonus of original hardwood floors underneath! This property also offers incredible versatility with its many extra features. A 19x19 shop on a slab and additional shed provide the perfect space for hobbies, projects, or additional storage. The fenced side yard is ideal for a dog run, while the designated mud room offers a convenient space for an additional refrigerator or storage. Mature bamboo landscaping adds a wonderful sense of privacy to the yard. Step outside and enjoy your own backyard oasis featuring a beautiful gunite pool, perfect for cooling off during the Texas summers. With oversized outdoor spaces and both front and back decks, the home offers endless opportunities for relaxing or entertaining guests. One of the most charming features of the property is the peaceful view across the street where you can often watch cows grazing in the open pasture. The land across from the home is owned by the Texas Masonic Home, which helps preserve the beautiful open view and quiet country feel. The location is hard to beat. Within walking distance to the Entertainment District, shopping, and dining, just 20 minutes from the airport, and centrally located between Fort Worth and Dallas. What more could you ask for? This one truly has it all!
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.
