Incredible, spacious home with every square foot updated recently by the current owner. Located within the 24/7 guard-gated Inwood Estates neighborhood, this is a standout option for the discriminating buyer looking for huge spaces and a flexible floor plan at an excellent per square foot value. Standout features: Multiple office spaces Massive bedrooms each with its own bath Gorgeous kitchen with gas cooking and Z-Line appliances Bar No Carpet Fitness space 3 light-filled living areas Massive amounts of storage Huge upstairs covered patios Oversize 3-car garage Notable outdoor kitchen with pellet grill, pizza oven, gas cooktop 24/7 gated security in neighborhood Private neighborhood access to Salado Creek Nature Trail Neighborhood Swim Club with Inwood Sharks Youth Swim Team Neighborhood Tennis, Pickleball, and Basketball Courts Downstairs, you will find the primary bedroom suite with it's own separate office or living area, marble-surround fireplace and a 5-star resort worthy bath with marble floors and a spectacular shower room. Two walk-in closets complete the very pretty picture. So much flexibility abounds...There is also a fitness area, and an area that can be a secondary ensuite bedroom. Two huge living areas and an HGTV-ready kitchen with two large islands adorned with bespoke leathered granite countertops, outfitted with top of line Z-line 8-burner gas range. There's also an indoor/outdoor bar. Upstairs, you'll enjoy four light-filled bedroom suites and an enormous gameroom leading to a covered patio that spans the width of the home. Don't miss the heated and cooled storage area that can fit all the gear for the holidays. Looking for the best, large home with mansion-grade finishes inside Loop 1604 under $2 million. This is your best bet.
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.
