Experience the perfect blend of traditional comfort and modern convenience at 19504 Andrew Jackson, located in the highly desirable Presidential Glen community of Manor, Texas. This residence stands out in the marketplace due to its exceptional architectural focus on natural light; an abundance of strategically placed windows ensures that every corner of the home feels open, airy, and revitalizing. The floor plan is intelligently designed for daily life activities, keeping the living areas separate from the private quarters. All three bedrooms are situated on the second floor, including a primary suite that serves as a genuine sanctuary, featuring a walk-in closet with ample space for organization. In a thoughtful nod to functional design, the laundry room is also located upstairs, saving you the unnecessary labor of transporting heavy baskets between floors. The exterior of this property is a standout feature for those who value outdoor living and self-sufficiency. The owner has enhanced the backyard by adding wooden patio deck, providing an attractive venue for hosting guests or enjoying a quiet Texas evening. In the backyard, you will find two above-ground garden beds, offering a turn-key opportunity for the urban gardener to cultivate fresh vegetables or flowers. Beyond the property line, the Presidential Glen subdivision provides several amenities, including a pristine community pool and a modern playground, ensuring a high quality of life for all residents. This home is not just a listing; it is a move-in-ready opportunity for a homeowner who appreciates a house that has been cared for with pride. Schedule your tour today to see how 19504 Andrew Jackson combines the best of Manor living with functional, light-filled design.
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.
