Welcome to 1904 Alton Way, a one-owner home in the master-planned community of Arrowbrooke in Aubrey, Texas. Built in 2017 by Beazer Homes, this Millbrook floorplan offers a functional layout with 4 bedrooms, 2 bathrooms, a dedicated study, a formal dining area, and an extended covered patio that adds valuable outdoor living space. Inside, the open-concept design connects the kitchen, breakfast area, and main living space, creating a layout that works for both everyday living and entertaining. The kitchen is equipped with stainless steel appliances, granite countertops, and ample cabinet and prep space, all positioned to keep you connected to the heart of the home. The formal dining area provides flexibility for hosting gatherings or creating a more defined space for meals and special occasions. The private primary suite is designed for comfort, featuring a spacious layout, a large walk-in closet, and an ensuite bathroom with a soaking tub and separate shower. Arrowbrooke is approximately 410 acres and offers a wide range of community amenities, including multiple parks and playgrounds, walking and biking trails, swimming pools, catch-and-release fishing ponds, and several amenity centers conveniently located throughout the neighborhood. The home is ideally positioned just minutes from everyday conveniences and major destinations, including Costco, HEB, PGA Frisco, and the upcoming Universal Kids Resort. This is a well-rounded opportunity to own a well-maintained home with space, function, and access to some of North Texas’ fastest-growing areas. Beazer Homes are built with ENERGY STAR® certification, offering verified energy efficiency, improved comfort, and potential savings on utility costs.
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.
