Welcome Home! A rare opportunity in Connemara Crossing where refined, low-maintenance living meets one of Allen’s most desirable areas, nearby Watters Crossing. Homes in this subdivision are seldom available, making this an exceptional find. Built in 2019, this thoughtfully designed zero-lot home is ideal for those seeking comfort without compromise. The first floor is dedicated to effortless living and entertaining, featuring granite countertops, a deep sink, and Whirlpool appliances including a gas double-oven range—perfect for hosting or enjoying quiet evenings at home. Ample storage throughout, the home ensures everything has its place, supporting a clutter-free, simplified lifestyle. Upstairs, the home offers privacy with all bedrooms located away from the main living space, plus a bonus second living area ideal for a home office, play area, or home gym. The primary suite is both elegant and functional, with French doors leading to the ensuite bath, a spacious walk-in shower, and a generously sized closet. This home has been meticulously maintained, with regular servicing of both the HVAC system and tankless water heater—offering true turnkey peace of mind for buyers who value efficiency and reliability. Step outside to an expansive green space directly out the front door—a bonus for pet owners and anyone who enjoys open views without the upkeep. Nearby Watters Crossing Park and Nature Preserve provide trails and outdoor recreation, while quick access to Highway 75 and 121 makes commuting effortless. The Allen Rec Center is just three miles away, adding another layer of lifestyle convenience. Zoned to exemplary schools, including Norton Elem, and set within an established community, this home offers the perfect blend of sophistication, simplicity, and location. An ideal lock-and-leave opportunity for those ready to elevate their everyday living. New carpet allowance as well as refrigerator, washer and dryer included with strong offer.
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.
