Stately two-story home situated on a picturesque lot surrounded by majestic oaks. The inviting backyard features a refreshing pool, generous deck space, and serene wooded views, creating the ideal environment for entertaining or relaxing. Abundant natural beauty and a tranquil atmosphere combine comfort, character and outdoor enjoyment. Welcome family and friends through a stunning custom iron and glass front door. Sitterle's well-thought floor plan offers two living and two spacious dining areas and an attractive rock fireplace for those cooler evenings. The private master retreat is downstairs and is completely separate from the busy family zones, enjoy the dramatic glass wall with access to the private deck and backyard. A spa like calming and soothing feeling in the master bath and features a walk -in shower for a true private escape. Don't miss the master closet with loads of space! The kitchen boasts plenty of counterspace for food prep, stainless double ovens, and wonderful views of the backyard oasis. Upstairs the warm tones continue to 4 spacious bedrooms and two additional bathrooms. Each room and bathroom offers an abundance of space with an efficient layout. Storage space abounds here with multiple closets and oversized laundry room. Secondary half bath is conveniently located downstairs. Sparkling heated inground pool and spa capture the ambiance of the backyard, deck area, mature trees and true wooded green belt. Imagine entertaining for the holidays or quiet evenings floating under the Texas sky. Neighborhood amenities include: community center, Olympic size pool, sports courts, pickle ball and tennis, sand volleyball, playground and park. The HOA supports a summer swim league, Women's Club, sewing club, Scout meetings, and a social out to lunch bunch to name a few! This north central location can't be beat, plenty of restaurants, shops, medical, highways and military bases. Enjoy nearby golf courses and award winning NEISD and private schools. Whether hosting guests or enjoying a quiet evening at home, this property offers a setting that's hard to find and impossible to forget.
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.
