Come make this house your HOME! This charming farmhouse-style home offers 3 bedrooms, 2 baths, and a 2-car garage, all on one level—though its classic dormer windows give it the character of a two-story home. Situated on 1.8 acres in the sought-after Spring Creek Addition in Emory, Texas, it is the first home on the left as you turn off Hwy 19, providing both convenience and a welcoming presence. A covered front porch opens into the entryway with a beautiful sightline all the way through the home to the covered back porch and beautiful back deck. The vaulted ceiling and wood-burning fireplace create a warm focal point in the living room, which flows seamlessly into the kitchen and breakfast nook for easy everyday living and entertaining. The breakfast nook is tucked into a wall of windows filling the space with natural light. The kitchen features a bar-type island that wraps around the front of the kitchen— designed for gathering, it is perfect for casual meals, conversation, and hosting friends and family. There is a versatile flex space that could be a formal dining room, home office, or additional living. The primary suite is a relaxing retreat featuring a sliding barn door opening into a spacious bathroom with a double vanity, tub, shower, and two walk-in closets. Enjoy the outdoors year-round from the covered back porch and expansive deck, ideal for grilling, gatherings, or relaxing evenings under the Texas sky. The property is fenced and cross-fenced, offering plenty of space for pets, gardening, or outdoor activities. Located just outside the city limits, this home offers quick access to Emory or Sulphur Springs, convenient travel to I-30 and I-20, and is just a short drive from Lake Fork. Bring your vision and personal touches to make this wonderful property truly shine. It is the Buyer’s responsibility to verify all information provided, including all measurements provided by third-party sources and any Amendments or updates to restrictions.
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.
