Discover the perfect blend of space, style, and small-town charm in this beautiful home, ideally situated on a premium corner lot with no HOA in historic Bartlett. With peaceful farm views stretching across the street and a spacious front yard shaded by mature trees, this home offers timeless curb appeal and character. Inside, a thoughtfully designed floor plan showcases expansive windows dressed in stylish plantation shutters, filling the home with natural light that highlights the gorgeous wood flooring throughout. The spacious living room centers around a striking blue fireplace, creating an inviting space for gatherings. The kitchen offers a granite island, abundant white cabinetry with convenient pull-out drawers, a classic subway tile backsplash, and stainless steel appliances. A cozy breakfast nook is perfect for casual mornings, while the dining room with French doors sets the stage for memorable dinners. A versatile flex room on the main level—complete with its own ensuite bath—offers the ideal space for a home office or guest suite. Upstairs, the generously sized primary suite features a walk-in closet and an ensuite bath boasting a dual vanity, soaking tub, and separate walk-in shower. Two additional spacious bedrooms, each with their own closets, share a well-appointed full bathroom. Step outside to the expansive fenced backyard where a large deck invites you to host summer barbecues & unwind under the shade of mature trees. A covered path leads to the detached two-car garage, and a large shed offers the perfect setup for a workshop, hobby space, or extra storage. With ample room remaining, there’s still plenty of opportunity to customize—imagine adding a pool, garden, or outdoor entertaining area. Located just a short drive to local schools and close to shopping, dining, and Bartlett’s beloved historic landmarks, with easy access to State Hwy 95 and I-35, this home offers the tranquility of country views with the convenience of nearby amenities.
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.
