**Exquisite Modern Living in Sought-After Inspiration Community, built by Shaddock Homes** Experience unparalleled luxury in this pristine 4-bedroom, 3.1-bathroom residence. This sophisticated masterpiece boasts an impeccable design and thoughtful craftsmanship, offering an extraordinary living experience. Upon entering, be greeted by an expansive open-concept layout that seamlessly blends elegance and functionality. The spectacular living area, bathed in natural light, features custom finishes and contemporary fixtures that set the tone for modern grandeur. The gourmet kitchen is a chef's dream, equipped with high-end stainless-steel appliances, quartz countertops, a spacious island with seating, and a butler’s pantry—perfect for both intimate meals and lavish entertaining. The luxurious primary suite is a private retreat, offering a spacious bedroom, and a spa-like en-suite bathroom complete with a soaking tub, dual vanities, and a walk-in shower, along with a generous walk-in closet. Additional bedroom and full bathroom downstairs plus 2 additional bedrooms upstairs provide ample space and comfort, each thoughtfully designed with walk-in closets and easy access to beautifully appointed bathrooms. Exterior details complement the home’s modern aesthetics, featuring a .25-acre lot perfect for outdoor gatherings. The expansive three-car garage provides ample storage and convenience. Enjoy access to the community's luxurious amenities, including lavish pools, serene parks, and picturesque walking trails. Reside in style and comfort in this exquisite residence where every detail is designed to offer an exceptional lifestyle. From its modern interiors to its coveted location, this home is the epitome of luxury living. Embrace the opportunity to own a piece of elegance within one of North Texas's most prestigious communities with exercise gym, club house, lagoon and lazy river pools and more. Electric shades in living, primary and dining.
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.
