Nestled on a beautifully treed homesite in the heart of Brock ISD, 152 Arbor Terrace offers the perfect blend of timeless design, functional living, and the privacy buyers are searching for in Parker County. With its striking stone and brick exterior, expansive driveway, and mature trees, this home makes an unforgettable first impression. Inside, you’ll find an open and thoughtfully designed floor plan that brings comfort and style together. The spacious living area is anchored by a floor-to-ceiling stone fireplace and large windows that fill the home with natural light while showcasing serene backyard views. The kitchen is both elegant and practical, featuring granite countertops, rich wood cabinetry, stainless steel appliances, double ovens, and a large island ideal for gathering and entertaining. The private primary suite is generously sized and offers a relaxing retreat with a spa-like ensuite bath, complete with dual vanities, soaking tub, and separate shower. Secondary bedrooms and additional flex spaces provide versatility for a home office, hobby room, or guest accommodations. Step outside to enjoy a covered back patio overlooking a peaceful, heavily treed backyard—offering privacy, shade, and plenty of room to create your ideal outdoor space. Whether it’s adding a pool, building a shop, or simply enjoying quiet evenings under the trees, this property gives you the freedom to make it your own. Conveniently located just minutes from Weatherford with easy access to I-20, you can enjoy the tranquility of country living without sacrificing proximity to shopping, dining, and Fort Worth. This is the kind of space, setting, and location that rarely come together—don’t miss your opportunity to call it home.
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.
