OPEN HOUSE 4/11 1-4PM. This is the home you've been waiting for! Stunning David Weekley home in the coveted Rogers Ranch Crosstimber community, zoned to award-winning NEISD schools. Situated on a beautifully landscaped 0.19-acre lot, the stately curb appeal and mature trees immediately capture your attention. Step inside to discover a thoughtfully updated home that is fresh, inviting, and perfectly designed for modern family living. High-end details throughout include plantation shutters, rich wood & tile flooring, crown molding, custom millwork, updated lighting, and a cozy gas fireplace. The beautifully renovated kitchen is a showpiece, featuring quartzite countertops, a herringbone backsplash, island, stainless steel appliances, double ovens, a gas cooktop, and an oversized breakfast bar. The open-concept floor plan offers seamless flow for everyday living and effortless entertaining. A guest bedroom and full bath on the main level provide the perfect setup for multigenerational living or visiting guests. Upstairs, enjoy an oversized family room, dedicated theater room, and four additional generously sized bedrooms with three full bathrooms. Privately tucked at the back of the home, the primary suite is a true retreat with a fully renovated spa-inspired bath featuring a large walk-in shower, freestanding soaking tub, dual vanities, and an expansive walk-in closet with center island. Outside, relax or entertain on the composite deck and spacious patio overlooking the lush backyard with mature trees and beautiful landscaping. Car enthusiasts and families alike will love the tandem 3-car garage with plenty of room for vehicles, storage, and all the toys. Residents enjoy world-class HOA amenities including a junior Olympic pool, basketball court, tennis and pickleball courts, clubhouse, playgrounds, and soccer field, plus direct access to the Salado Greenway extension with miles of walking, jogging, and biking trails. Conveniently located near premier shopping, dining, and entertainment, this home truly has it all.
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.
