No HOA. No limits. Just space to live how you want. Set on over 1.5 usable acres, this modern barndominium delivers the kind of freedom buyers are searching for but rarely find. Whether you need space for your RV, boat, animals, or a future shop, this property is designed for real life outside city restrictions. A gated entrance and long gravel drive create a sense of privacy from the moment you arrive, with ample parking for multiple vehicles, trailers, or equipment. The land is flat, accessible, and partially fenced, making it immediately functional for a variety of uses—no waiting, no extra work. Step outside and the lifestyle really opens up, covered back patio, fire pit gathering area, fenced sections for animals or projects, and room to expand without limitations. From chickens and goats to weekend bonfires and wide-open space, this is country living with flexibility built in. If you’ve been comparing older homes on acreage or new builds with limited land, this property offers a rare balance of both—combining usable space, newer construction, and freedom of use. Built in 2020, the home brings that same practicality inside with a comfortable, easy-living layout. High ceilings, durable luxury vinyl plank flooring, and an open design create a bright, functional flow for everyday living. The kitchen is built for gathering with butcher block countertops, stainless appliances, a large island, and a functional, open layout. Pantry storage is thoughtfully placed in the utility room with a step-in pantry—offering added space while keeping the kitchen streamlined and efficient. The refrigerator conveys, adding to the home’s move-in ready appeal. Additional attic space provides convenient storage for seasonal items and equipment, adding to the home’s overall functionality. Conveniently located near Springtown with access to Weatherford, Azle, Decatur, and Fort Worth—so you can enjoy country living without giving up accessibility.
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.
