This home is so beautiful, you will say YES to this ADDRESS! Welcome to 133 Mineral Point Drive in the Morningstar Community of ALEDO ISD - BEARCAT COUNTRY! This floor plan begins with a large, inviting entry hall to welcome you and your guests. To the right is an office that could easily be a fourth bedroom and access to a half bath close by. Just beyond the entryway, you will be immediately taken with the kitchen, dining and living areas as the openness and size of the home will be a very pleasant surprise. The kitchen is built for those who love to cook, bake and entertain. The coffee bar is a great addition and offers lots of extra space and storage. These features and other fixtures have been carefully and thoughtfully chosen to bring out the beauty and size of the kitchen and dining areas. The living area is very large, but also very cozy with hardwood flooring, a gas fireplace and large windows with 80% luminance solar screens on the west windows for cool comfort during those hot summer days. Let's not forget about the secondary bedrooms off the kitchen with easy access to a full bath and separate laundry area, and the garage that sports a 220V EV charging receptacle! The master bedroom is also very large with hardwood floors and solar luminance screens on the windows. The master bath is extra large with a soaking tub, separate shower and a great big closet, plenty of room for all of her things and some of his, too. The best is yet to come! Through the back door you'll find a covered patio and back yard that is truly breathtaking, with plants, flowers, trees and flowering vines that have been tenderly loved and cared for. Home has new AC in 2024, furnace in 2025, a Class 4 Roof in 2024 and many other fantastic upgrades. See your agent for a detailed list. Additionally, the Morningstar Community offers a community swimming pool, walking and running paths, clubhouse, fishing and more! It's truly a wonderful place to call home! No Sign in Yard.
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.
