Welcome home! This one-owner Highland Home sits on a quiet street in Forney’s beloved Devonshire community, and from the moment you walk in, it just feels inviting. The light, bright, and open-concept floor plan makes life easy — you can cook, chat, and relax by the fireplace all in one connected space. The kitchen has what everyone’s searching for: granite countertops, bright white cabinets, stainless steel appliances, and a 5-burner gas cooktop. It flows right into the living and dining areas, which makes everyday life (and entertaining) feel natural and comfortable. The cozy stone fireplace, gray engineered wood floors, and thoughtful window coverings add warmth and style throughout. The primary suite is freshly painted and has an en-suite bath featuring a soaking tub, separate shower, and a spacious walk-in closet. Two additional bedrooms give you flexibility as they can be used as a guest room, office, playroom, or hobby space. Step outside and you’ll find one of the best parts of the home: a pool-sized yard. The oversized backyard offers room to run, play, garden, or dream big — plus a large covered patio that’s perfect for grilling, morning coffee, or quiet evenings outdoors. The yard also includes French drains, helping manage water flow and protect the space during rainy seasons. The home is energy-efficient too, with a low HERS rating and ceiling fans throughout to help keep utility costs down. Living in Devonshire means resort-style amenities are right at your fingertips — community pools and splash pads, basketball and beach volleyball courts, parks, green spaces, and places to connect with neighbors. And for qualified buyers, an assumable FHA loan could make this opportunity even more attractive! If you’re looking for a single-story, move-in-ready home with an open layout, a big backyard, and a welcoming community — this one is worth seeing!
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.
