Current interest rate may be assumable. Discover exceptional craftsmanship and refined living in this like-new 4-bedroom, 3.5-bathroom Gehan home with a spacious 3-car garage, set in the desirable Arcadia Ridge community. Designed with unmatched elegance, this residence blends luxury finishes with thoughtful functionality, creating an elevated living experience from the moment you step inside. The gourmet kitchen serves as the heart of the home, showcasing an expansive center island, gas cooktop, stainless steel appliances, abundant cabinetry, and an inviting eat-in area. Its seamless connection to the living room allows for easy conversation and flow, while the cozy fireplace adds warmth and sophistication to the open-concept design. Large windows frame serene views of the backyard, enhancing the home's peaceful ambiance. The sumptuous primary suite offers a private retreat, complete with a spa-inspired bathroom featuring premium fixtures, a soaking tub, and a separate shower. The custom walk-in closet provides exceptional organization and style, thoughtfully positioned within the floorplan for convenience and privacy. Secondary bedrooms are generously sized, providing comfort for family or guests. Quality architectural details and high-end finishes elevate every corner of the home, from the meticulously chosen materials to the custom touches that create a truly distinctive atmosphere. Multiple entertainment spaces-including a dedicated home theater, a flexible game room, and inviting indoor-outdoor areas-make this residence ideal for hosting gatherings or enjoying leisure time. Step outside to a beautifully designed backyard featuring a landscaped incline that adds character and tranquility to the setting. Whether relaxing under the Texas sky or entertaining friends, this outdoor space enhances the home's luxurious appeal. Residents of Arcadia Ridge enjoy access to outstanding neighborhood amenities, including a community pool, playground, and jogging trails. With close proximity to shopping, schools, and major highways, this home offers both convenience and an elevated lifestyle. A rare opportunity for discerning homeowners seeking style, comfort, and enduring quality-all in one remarkable property.
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.
