1614 Mammoth Drive — Spacious Living in Allen's Parkside Village Brand new AC + new ROOF (both June 2026). This beautifully spacious 5-bed, 3.5-bath home offers large, flexible living designed for the way you really live. Set on a low-maintenance lot in sought-after Parkside Village, it is a rare find in one of Allen's most established neighborhoods — zoned to all A+ rated schools and priced to move. Step inside to soaring vaulted ceilings and an open, light-filled layout featuring three distinct living areas plus a versatile upstairs loft — room for everyone to gather or retreat. The kitchen flows effortlessly into the breakfast nook and adjoining living space, while a cozy gas-log fireplace anchors the heart of the home. Hosting is effortless here, whether it is a quiet family dinner or a full house of guests. A first-floor primary suite delivers privacy and convenience, with four additional bedrooms upstairs — ideal for family, guests, or a dedicated home office. The loft adds a bonus flex space perfect for a playroom, media room, or second living area. Thoughtful upgrades include sound-system wiring, energy-efficient 13 to 15 SEER air conditioning, ceramic tile flooring, a full sprinkler system, and a side and rear-entry two-car garage. Step outside and enjoy being just 2 minutes on foot from scenic walking trails and a beautiful lake — your daily dose of nature is right at your doorstep. Whether you enjoy morning walks, evening jogs, or simply unwinding by the water, this location delivers the lifestyle most only dream about. Zoned to the highly acclaimed Allen ISD with all A+ rated schools — Carlena Chandler Elementary, Pete Ford Middle, and nationally recognized Allen High School. Minutes from US-75, premier shopping, dining, entertainment, and major employers. Everything Allen has to offer is within easy reach. Motivated seller — bring your best offer and schedule your private showing today.
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.
