Step into a home that offers the space, comfort, and flexibility today’s buyers are looking for. Thoughtfully designed with high ceilings and expansive living areas, this residence provides multiple spaces to gather, unwind, and work from home with ease. Luxury plank flooring adds a clean, modern touch, while the open layout creates a natural flow between the main living areas. The kitchen serves as the heart of the home, featuring generous counter space, stainless steel appliances, and a large walk-in pantry. It opens seamlessly to the living and dining areas, creating an inviting setting for both everyday living and hosting guests. Upstairs, additional living spaces include a spacious game room and a dedicated media room with built-in speakers, offering flexibility for entertainment, hobbies, or quiet retreat. The primary suite is designed for relaxation, complete with a window seat and a private bath featuring a soaking tub and separate shower. Outdoor living extends the experience with a covered patio and backyard space suited for relaxing evenings or weekend gatherings. Located in Little Elm, this home offers convenient access to FM 423 and U.S. Highway 380, with connectivity to the Dallas North Tollway for commuting to Frisco, Plano, Denton, and nearby employment centers. Outdoor recreation is close by at Lake Lewisville, known for boating, trails, and waterfront activities, along with nearby parks and community spaces. Shopping, dining, and entertainment options are just minutes away in Frisco and along the U.S. 380 corridor, providing a wide range of everyday conveniences. This home offers a balance of space, location, and access to amenities that support a variety of lifestyles. Schedule a private showing to see how it fits your next move.
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.
