Welcome to 14221 James Garfield in Manor, Tx, a well maintained two-story home featuring 4 bedrooms and 2.5 bathrooms. Beautifully designed home offering a spacious and functional layout with stylish finishes throughout. As you enter, you are welcomed by an inviting foyer featuring elegant tile flooring, high ceilings, and a striking staircase that adds architectural character to the space. The open-concept design seamlessly connects the main living areas, creating a comfortable environment for everyday living and entertaining. The kitchen is the heart of the home, featuring a large center island with breakfast bar seating, granite countertops, modern cabinetry, stainless steel appliances, and a stylish tile backsplash. The open layout allows the kitchen to flow naturally into the dining and living areas, making it perfect for gatherings and family time. The dining area is bright and welcoming with large windows that bring in abundant natural light. Upstairs, you’ll find additional living space that can serve as a media room, game room, or flexible area to fit your lifestyle. The spacious primary suite offers a relaxing retreat with modern lighting and plenty of room for a full bedroom set. The primary bathroom features a dual-sink vanity with sleek finishes, a large walk-in tiled shower with glass enclosure, built-in bench seating, and recessed shelving. A modern smart toilet adds an extra touch of comfort and functionality. Additional bedrooms provide comfortable space for family members, guests, or a home office. Secondary bathrooms include dual vanities and functional layouts designed for convenience. The home’s exterior showcases beautiful stonework and a welcoming covered front porch, offering a great place to relax and enjoy the neighborhood surroundings. Conveniently located with access to nearby amenities, shopping, dining, and major roadways. Approximately 27 minutes to Circuit of the Americas and 12–15 minutes to Tesla’s major manufacturing hub
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.
