Welcome home to this beautifully updated ranch-style retreat in the highly sought-after Lovejoy ISD. Thoughtfully refreshed with over 65K in recent improvements; all the hard work has been done! Offering the perfect blend of comfort, style, and everyday functionality, this 4-bedroom, 2-bath home truly is move-in ready. From the moment you step inside, you'll appreciate the fresh, welcoming feel created by brand-new engineered hardwood flooring, plush new carpeting in the bedrooms and updated light fixtures. Both bathrooms have been tastefully renovated with elegant quartz countertops, new sinks, and timeless finishes. The heart of the home is the bright and inviting chef's kitchen, featuring stunning veined white quartz countertops, all-new stainless steel appliances, and abundant natural light. The open layout makes it easy to stay connected while cooking, entertaining, or simply enjoying time with family and friends. The spacious owner's suite provides a peaceful retreat at the end of the day, complete with beautiful bay windows, a tray ceiling, and plenty of room for a sitting area or cozy reading nook. The family room, with its soaring ceilings, views of the over-sized backyard and charming fireplace, is the perfect place to gather and make lasting memories. Step outside to a natural stone patio overlooking an expansive, pool-sized backyard spanning .34 of an acre. Whether you envision weekend barbecues, a garden, a play space, or simply relaxing under the Texas sky, there's plenty of room to make it your own. Conveniently located with easy access to Highways 121 and 75, and just minutes from HEB, Target, dining, and shopping, this exceptional home offers the lifestyle you've been looking for in one of the area's most desirable communities. Stop on by, this may be just what you've been looking for!
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.
