MAJOR UPGRADES!!! Welcome home!!! Just pack your bags & move right in, as this is a unique & truly phenomenal opportunity to purchase a FULLY FURNISHED, PROFESSIONALLY DESIGNED, TURN KEY home! Corner lot next to park with walking path. DALLAS VA MEDICAL CENTER & downtown Dallas are easy 25’ish min drive. PROFESSIONAL INTERIOR DESIGN WORK by Cedar Hill Home Design. Custom-built home library with two built-in work-study areas. Great for remote workers and, or those with kids. Included are 37 FULLY PAID OFF SOLAR PANELS with TRANSFERRABLE WARRANTY! Sellers’ electric bills available for viewing. Two 2023 HVAC systems, two 2023 WATER HEATERS, 2025 BOSCH DISHWASHER, 2023 SAMSUNG WASHER-DRYER, & TWO REFRIGERATORS. First floor primary bedroom with space for large furniture with sitting area. Ensuite bathroom has custom-built shower with extra-high shower head and built-in shower bench. Next to shower is never-used Jacuzzi spa tub! Beyond that is large walk-in closet. Guest half-bath and open concept living room, kitchen, & dining areas are perfect for socializing-entertaining. Dining room opens to covered porch, large backyard with park view, & pergola. Upstairs loft big enough for music-hobby-game room &-or sitting area. Loft windows have ENERGY SAVER SCREENs and look out over park. Loft is serene place for coffee-tea & book-journal in the AM. Three spacious upstairs bedrooms. Two upstairs bathrooms (jack-and-jill connects two of the rooms, & another just outside of third bedroom). Third bedroom is opp. site of loft, giving privacy-space. Short drive to shopping, Cedar Hill State Park, & Joe Poole Lake. Just pack your bags and move in; sellers will leave most everything (furniture, wall art, appliances, and similar items) other than personal items, tools, books (though some books may be considered, if buyer truly wants them). Alternatively, sellers will remove all items, if you prefer a blank canvas! Agents & buyers please verify all measurements & schools.
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.
