OPEN HOUSE SAT 6/27 1-3PM. Step into a home that truly stands alone. Originally designed and meticulously crafted as a builder's personal residence, this sprawling single-story offers an unmatched opportunity. From the striking standing seam metal roof to the expansive footprint, every detail reflects a level of quality rarely seen today. Extensively updated, the home features recent double-hung windows along with fresh interior and exterior paint for a clean, modern feel. Soaring ceilings and a cozy fireplace anchor the main living space. Flexible by design, this home offers a second living/flex area currently used as a home gym, two eating areas including a formal dining room, and a fourth bedroom with built-in shelving that functions perfectly as a private office. The beautifully remodeled kitchen is complete with leathered granite countertops, custom cabinetry, double pantries, built-in coffee bar, banquette seating, and a pet watering station. The primary suite bathroom has been thoughtfully remodeled, featuring a double vanity, soaking tub, and a fully tiled walk-in shower. Recent bamboo flooring throughout, tiled wet areas, updated lighting, ceiling fans, and modern fixtures create a bright and polished atmosphere. The property also includes an exceptional attached 2-car garage plus a detached single-car garage, perfect for a workshop or extra storage. Situated on an oversized lot with no HOA, this property offers both freedom and convenience, with ample space for outdoor living and entertaining, plus a dedicated dog run. Enjoy the prime location within walking distance to Fischer Park, a 62-acre destination featuring miles of walking trails, splash pad, playgrounds, nature education center, fishing ponds, amphitheater, and scenic views. One mile to HEB and Walmart. Built with intention, this is a home that truly stands apart, offering a level of character rarely found in today's market.
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.
