This beautiful 4 bedrm 2 bath home offers elevated finishes, & a resort-style backyard in one exceptional package.The limestone & brick exterior, manicured lawn, and arched entryway set a polished first impression. Stunning floors, crown molding, and an open floor plan create a bright, connected living experience from the moment you walk in.The living room is anchored by a wood-burning fireplace flanked by custom built-in cabinetry and open shelving, equal parts functional and striking. The kitchen is a true standout: modern white cabinets, black granite countertops, subway tile backsplash, built-in range hood, double oven, large center island with seating, stainless steel appliances, and a walk-in pantry. The adjacent dining space features a statement chandelier and oversized windows that flood the room with natural light. The primary suite offers a serene retreat with a vaulted ceiling, accent wall, spa-style bath with dual vanities, soaking tub, glass-enclosed shower, and a massive walk-in closet. Secondary bedrooms are generously sized with plush carpet and ceiling fans. One versatile room features custom white cabinetry, butcher block countertops, shiplap accent wall, and open shelving, perfect as a home office, studio, or hobby space.The backyard is where this home truly sets itself apart. Step outside to a fully appointed outdoor entertaining zone built for Texas living at its finest. A striking dark-stained pergola with string lights and a ceiling fan covers a spacious patio lounge and a built-in outdoor kitchen complete with a stone surround, gas grill, smoker, stainless cabinetry, and a bar with seating for four. A mounted TV bracket and privacy wall make this an all-season outdoor living room. The sparkling pool features a sun shelf, dual waterfall features, blue tile accents, and a pool basketball hoop. A dedicated fire pit area and a fully fenced green lawn round out a backyard that was designed to be lived in. This outdoor space does not disappoint.
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.
