Discover modern luxury in the heart of Viridian at 1516 Colorado Ruby Ct — a stunning 4-bed plus office, 3.5-bath home offering 2,916 sq ft of beautifully designed living space and a hard-to-find 3-car garage. Built in 2019, this Energy-Star-certified home features soaring vaulted ceilings, brazillian Caravelas Gold granite throughout, wood, ceramic tile, and carpet flooring, decorative lighting, and high-speed wiring throughout. Home theater system wired upstairs. The open-concept main floor includes a spacious living area, elegant dining room, and a chef-ready kitchen with gas cooktop and built-in appliances including beverage fridge. The first-floor oversized primary suite provides comfort and privacy, secondary bedrooms and office is tucked away from the main living area, while upstairs you’ll find additional bedroom and a generous game room — perfect for entertainment. Outside, enjoy a covered patio, landscaped yard, and low-maintenance lot within steps of Viridian’s unmatched amenities: community pools, clubhouse, marina, parks, greenbelts, walking trails, pickle ball courts, tennis courts, and miles of jogging-bike paths. Cruize around in the custom golf cart included with an acceptable offer, so you can enjoy all that Viridian features to the fullest! t’s a turnkey lifestyle upgrade that adds convenience, fun, and value — a rare bonus you won’t find in most listings. This home sits in the highly rated Hurst-Euless-Bedford ISD, including Viridian Elementary and Trinity High School. With its ideal location, modern build, and resort-style community, this home is move-in ready and designed for both comfort and lifestyle — a standout opportunity in one of Arlington’s most desirable neighborhoods. Schedule your private showing today! 3D tour available online
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.
