OPEN HOUSES: Saturday February 7th and Sunday February 8th from 11am to 1pm.The striking modern façade introduces this beautifully designed corner-lot residence with refined style and thoughtful spaces throughout and no HOA. Experience refined living at 1349 Jeanette Way, a distinctive Carrollton residence offering 4 bedrooms, 3 full bathrooms, and 2,430 square feet of thoughtfully designed living space. The home features a private guest suite with full bath located on the main level, ideal for multigenerational living or elevated guest accommodations or you could use it as your own office. The kitchen is both functional and stylish, featuring abundant cabinetry, cascading granite countertops, and generous prep space. The refrigerator is negotiable, adding flexibility for the buyer. Natural light fills the living area, highlighting the soaring ceilings and dramatic floor-to-ceiling fireplace, creating a bright and inviting atmosphere and flowing seamlessly into the formal dining area—ideal for entertaining. The primary suite is a true retreat with fireplace and private suite with skylights. Upstairs includes a versatile bedroom with oversized walk-in closet, an additional bedroom, and a loft ideal for a game room or second living area. The garage features epoxy flooring, enhancing both durability and presentation. Parking is exceptional with a 2-car garage plus a carport accommodating up to three additional vehicles. Outdoors, enjoy a private backyard enclosed by an 8-foot fence with a large, covered patio, perfect for entertaining or quiet enjoyment year-round. Conveniently located near major highways, shopping, and dining, this home blends comfort, sophistication, and versatility in an established Carrollton neighborhood.
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.
