This luxury 2 ACRE home is located just outside of Weatherford and in Peaster ISD. The completely CEMENT BLOCK Home, designed by Modern R Homes, can be found at the end of a cul de sac surrounded by trees, a pool, privacy and natural beauty. The home features a great horse setup complete with loafing shed and tack-feed room. The loafing shed can be easily converted to an ENCLOSED SHOP or used for extra storage. The home is filled with natural light and a view from every window. The open-concept design allows the living room, dining area, and kitchen to flow seamlessly together, creating a spacious environment that feels both elegant and comfortable. The designer kitchen features a dramatic 8-foot waterfall island, high end appliances, butler’s pantry and oversized walk-in pantry. The dining area overlooks the pool with water features and beautiful sunsets. Thoughtfully positioned near the entrance you will find an inviting office, perfect for working from home or studying. The large primary bedroom also has great views of the pool with French doors that lead to your personal oasis, it also features separate walk-in closets and direct access to the laundry room. The primary bathroom is a dream, the shower has dual entrances, built in bench and high windows to let in natural light. Also, downstairs but on the other side of the home are two additional bedrooms with Jack and Jill bathroom. All bedrooms have walk-in closets and extra storage in the bathrooms. Once you walk upstairs you will find two more bedrooms with full bathroom and the GAME OR MEDIA room. There is also a temperature-controlled storage room. As you head outside you will find an outdoor kitchen, ceiling fans and that incredible view, perfect for enjoying morning coffee or dining outside. This property is COMPLETELY FENCED, with access to the LOAFING SHED from the backyard. Located at the End of a Cul De Sac, with only one neighbor. this house has something for everyone in the family.
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.
