The gold standard of Stone Oak - custom designer transformation Prepare to be captivated by this master-class renovation in one of Stone Oak's most exclusive gated enclaves. With extensive precision-engineered upgrades throughout, this 4-bedroom, 2.5-bath retreat transcends the standard resale, offering a "better than new" experience in the prestigious neisd (reagan hs) district. Artisanal craftsmanship & unrivaled privacy Commanding a rare premium lot with absolute privacy, this home backs to a lush, tranquil greenbelt with no rear neighbors, only nature and quiet views. The interior is a showcase of high-end millwork, featuring true custom-built cabinetry (not pre-fabricated or refaced) in the chef's kitchen and every bathroom. The primary suite serves as an oversized spa-inspired sanctuary, complete with a custom-organized walk-in closet and designer built-ins. Storage & space advantage Universal walk-in closets: a rare and highly functional floor plan where every single bedroom and the bonus room features its own spacious walk-in closet. The primary sanctuary takes storage to the next level with high-end, custom-built shelving creating a perfectly zoned, dual-sided space for maximum efficiency. The infrastructure advantage This is a residence where every surface has been enhanced for longevity and efficiency: Thermal envelope: every window and exterior door has been replaced with high-performance, energy-efficient window world systems (lifetime warranty). Pure-air wellness: the hvac system has been fully sanitized and upgraded with a blue light uv purification system for hospital-grade indoor air quality. Gallery lighting: professional recessed led lighting thoughtfully placed throughout the main living areas and primary suite, paired with new designer ceiling fans. Elite community lifestyle Enjoy the security of a gated entrance and resort-style neighborhood amenities, including a sparkling community pool, playground, and basketball court, all located just steps from your front door. Rarely does a home combine this level of custom detail, energy efficiency, and a premium greenbelt location.
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.
