HUGE Price reduction, ALL OFFERS PRESENTED! Walk in with equity and own this GORGEOUS Highland Home before the holidays! Welcome to 1415 Misty Pasture Way – a beautifully maintained home in one of Mansfield’s most desirable masterplanned neighborhoods. This inviting Highland Homes built home blends modern comfort with timeless style, offering generous living spaces, a smart layout, and quality finishes throughout. Step inside to an open-concept floor plan filled with natural light. The spacious living area flows seamlessly into a well-appointed kitchen featuring stainless steel appliances, oversized cabinetry, walk in pantry and a large island perfect for cooking and gathering. The private primary suite offers a peaceful retreat with a TEXAS sized walk-in closet and spa-like ensuite bath with designer touches Need space for multigenerational living? This home has it, it has a oversized secondary bedroom on the first floor with a full size bathroom right outside the door. This home has tons of storage with a bonus flex space under the stairs. Retreat upstairs and you will find 2 generous sized bedrooms and 2 full size bathrooms with a game room and media room, plenty of entertainment space for everyone! Enjoy outdoor living with a covered patio and a generous backyard with NO neighbors behind you – ideal for play, entertaining, or simply relaxing in your own space. Located within a quiet, family-friendly community loaded with amenities to enjoy! The community pool is set to open in just a few weeks, the walking trails will give you a true sense of community and the clubhouse and ampitheatre are sure to have you connected with all your neighbors! M3 is zoned to top-rated Mansfield ISD schools, this home is just minutes from shopping, dining, parks, and major highways for an easy commute with Low Johnson County Taxes. Don’t miss this rare combination of comfort, location, and unbeatable financing. Schedule your private showing today!
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.
