Experience the perfect blend of modern comfort and peaceful privacy in this meticulously maintained 2022 Impression Homes build. Located in the sought-after Monteclaire community of Weatherford, this 3-bed, 2-bath home offers a rare level of privacy with no neighbors behind you and tall, mature trees creating a natural screen. From the moment you step inside, the smart open layout and abundant natural light make this 1,491 square foot home feel spacious, inviting, and easy to enjoy. The heart of the home is the chef-inspired kitchen, featuring a large island with seating, granite countertops, dark cabinetry, and stainless appliances. It flows seamlessly into the dining and living areas, creating an ideal space for quiet evenings, everyday living, and lively gatherings. The living area feels open and airy while still keeping its cozy charm The outdoor living space is a true standout. The backyard is large, fully fenced, and features an extended patio perfect for grilling, outdoor dining, or relaxing in your private retreat. A separate cement pad is already poured for a future shed, giving you a head start on storage, workshop space, or backyard organization. Beyond the property, you are perfectly positioned to enjoy the best of Weatherford. You are minutes from the Boardwalk at Lake Weatherford, home to the nation’s longest floating boardwalk, and the historic downtown district with charming boutiques, local eateries, and the famous Farmer’s Market. Heritage Park and the Weatherford Public Library are also nearby, putting First Monday Trade Days and year-round recreation within easy reach. Modern conveniences include a Ring doorbell, security system, and full-yard sprinkler system. With window coverings, ceiling fans, an insulated garage door, an extended patio, and a future shed pad already in place, this home is truly turn-key. Clean, completed, and move-in ready, it offers the ease of a newer home without the wait, guessing, or extra work. Welcome home
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.
