If you are looking for a home with some pizzazz that is also functional and livable, this is the one. Custom cabinetry is found throughout the kitchen, bathrooms, and even the laundry room, paired with distinctive tile selections including stylish backsplashes, tiled accent walls, and beautifully finished showers that add color, texture, and personality without sacrificing timeless style. Located in the heart of Pantego, this updated 4-bedroom, 3-bath home offers a flexible floorplan with two living areas and two dining spaces, giving you options for everyday living, entertaining, or working from home. The primary suite features a spacious closet and a beautifully updated bathroom with a freestanding soaking tub. The private fourth bedroom is set apart from the other bedrooms, offering its own ensuite bath and sliding doors that open directly to the pool and patio, making it ideal for guests, multigenerational living, or a quiet retreat. The laundry room is designed with functionality in mind, offering space for a second refrigerator, stackable washer and dryer, folding area, and a hidden built-in dog kennel. The true highlight of the home is the incredible backyard, designed for summer gatherings, weekend barbecues, and everyday fun. The pool creates the perfect centerpiece, while the expansive yard offers TONS of space for swingsets, trampolines, yard games, pets, or simply room to run and play. The “second” backyard provides an additional area ideal for a garden, grilling space, or a safe play zone away from the pool. Car enthusiasts, hobbyists, or those needing extra space will appreciate the side-entry garage featuring a 2-car garage plus a third bay that has been converted into a heated and cooled workshop, perfect for hobbies, a home gym, creative space, or even a bougie storage room. A 3-car carport provides additional covered parking. A rare combination of personality, thoughtful updates, and incredible outdoor space that is hard to find in Pantego.
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.
