Where mature trees and the Lewisville Lake lifestyle come together. Set on a beautifully treed cul-de-sac lot minutes from Lewisville Lake, this thoughtfully updated single-story home offers space, comfort, and long-term value in the heart of Highland Village. Situated on a 0.338-acre interior lot shaded by towering oaks, the property provides privacy, curb appeal, and generous outdoor living potential. The home features 4 bedrooms, 3 full baths, and 2,278 square feet in a functional single-level layout ideal for everyday living and entertaining. The expansive family room with stone fireplace overlooks the peaceful backyard, creating a warm central gathering space. Decorative lighting, a wet bar, and flexible living and dining areas add character and versatility. The kitchen was updated in 2021 with granite countertops, refreshed finishes, and an eat-in breakfast area, while the third bath was also updated in 2021, making it ideal for guests, multigenerational living, or a dedicated home office suite. Major capital improvements include new energy-efficient windows in 2023, fresh interior and exterior paint, updated electrical components, attic insulation added in 2024, and HVAC replaced in 2019 for improved comfort and efficiency. The shaded backyard includes a large storage building workshop perfect for lake gear, hobbies, or extra storage. RV or boat parking enhances flexibility, and a side-facing oversized two-car garage provides additional convenience. Located in Lewisville ISD and close to parks, trails, shopping, dining, and lake recreation, this home offers a rare combination of lot size, meaningful updates, and prime location in an established neighborhood. With no HOA, a spacious lot, and established trees rarely found in newer construction, this property offers both freedom and long-term upside in one of Highland Village’s most desirable lake-area settings. Minutes to boat ramps, lakeside parks, and shoreline recreation along Lewisville Lake.
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.
