Tucked away in the upscale community of Lakeview Ranch, this custom luxury ranch-style estate is set on a sprawling 1.8-acre lot surrounded by mature trees, gorgeous landscaping & peaceful creek. You'll be wowed when you walk in w-soaring ceilings highlighted by impressive wood beams, HW floors + a stunning floor to ceiling stone FP. Expansive windows frame spectacular views of the wooded lot & outdoor living spaces. Gourmet kitchen featuring a BI smart Dacor refrigerator, custom Alderwood cabinetry, ZLine gas cooktop + Bosch dishwasher. Adjacent to the kitchen is a spacious dining room. The main level also offers 3 bedrooms including the primary suite that provides a private retreat with a spa-inspired bath and dual closets w-a custom dressing room. The super cool lower level is a walk-out basement that is designed for relaxation & entertainment, offering a custom media room w-surround sound, library wall + wine cellar. The Additional rooms provide flexibility for a home office, music studio or hobby space, while the 4th bedroom features a BI desk, sitting area & full bath. The lower level could also be the perfect multi-generational set up! Whole home Wi-Fi + cat 5E wired. Outside, the estate continues to impress w-a resort-style custom patio & full outdoor kitchen featuring granite + stone finishes, a built-in grill, refrigerator, sink + integrated sound. A cozy fire pit & ambient lighting create the perfect setting for gatherings or peaceful evenings surrounded by nature. Enhancing the property’s versatility is a 20x40 workshop, ideal for projects, storage, or additional workspace + an oversized 3.5 car garage. The expansive grounds are maintained w-a private well & irrigation system, keeping your landscaping thriving year-round. With owned solar panels, smart thermostats + integrated lock system, lighting & fan controls, this home blends modern efficiency with a secluded country lifestyle on a large, wooded lot while remaining minutes from Lake Lewisville.
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.
