Escape to the country w beautifully maintained home on five scenic acres in Brock ISD. Property perfectly blends charm of rural living w the convenience of modern updates. Step inside to find open-concept layout filled w natural light, strand-woven bamboo and ceramic tile flooring, elegant tray ceilings and decorative touches. Heart of home is spacious living room; anchored by a cozy brick, wood-burning fireplace - perfect for gathering on cool evenings. Adjoining kitchen designed w both style and function in mind; featuring painted cabinetry w glass-front accents, stainless steel appliances, durable Corian countertops and generous pantry. Dining area overlooks backyard, ideal for everyday meals or hosting family and friends. Home’s thoughtful design includes 2 primary suites - one w oversized layout; complete w jacuzzi tub, separate shower and walk-in closet; second tucked away on opposite side of home, ideal for multi-generational living or guests. Additional highlights include second living area for flexibility, walk-in utility room. Outside, mature shade trees create peaceful backdrop. Five-acre property also features wire fencing, storage sheds and open space to create your own country retreat. Whether you dream of raising animals, gardening or simply enjoying wide-open spaces; this property delivers. Lipan is known for its small-town charm, strong community spirit and proximity to outdoor recreation. You’ll be just minutes from the Brazos River; offering fishing, kayaking and weekend fun. Less than an hour from downtown Fort Worth, making it easy to commute or access city amenities. Nearby Weatherford and Granbury provide shopping, dining and healthcare. This home delivers perfect blend of tranquility and convenience. If you’ve been looking for a home that offers privacy, space and the lifestyle of country living while still being connected to everything you need; this property is a must-see.
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.
