Beautifully designed and full of flexible living space, this Spring Creek Estates home in Midlothian offers a thoughtful layout, inviting interiors, and a backyard built for everyday enjoyment and entertaining. Situated on a quarter-acre lot, the home welcomes you with attractive brick and stone elevation, mature landscaping, and a covered front entry. Inside, soaring ceilings, wood flooring, and abundant natural light create an open and comfortable feel throughout the main living areas. The floor plan offers three separate living spaces, giving everyone room to gather, relax, work, or unwind. A main-level flex room provides the perfect setup for a private office, library, playroom, or hobby space, while the formal living and formal dining areas add dedicated space for entertaining and special occasions. The kitchen is positioned at the heart of the home and features generous cabinetry, granite countertops, a large center island, breakfast bar seating, and an easy connection to the living room. The private primary suite is tucked away on the main level and offers peaceful backyard views, a spacious ensuite bath, and a custom walk-in closet. Upstairs, the home continues with a highly functional layout featuring all four secondary bedrooms, generous closet space, updated bathrooms, and a dedicated living area ideal for a game room, media space, study area, or lounge. This smart separation of spaces allows the main level to remain focused on entertaining, work, and daily living, while the upstairs serves as a comfortable retreat. The backyard is a true highlight, featuring a private pool oasis with a waterfall, custom outdoor kitchen, built-in fire pit, and plenty of patio space for outdoor dining and relaxation. Even with the pool and outdoor living areas, the spacious lot still provides room for pets, play, gardening, and added privacy.
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.
