Step into a home that feels brand new, where every detail has been thoughtfully reimagined and beautifully executed. This stunning, fully remodeled residence blends tasteful mid-century modern design with bright, open living spaces that invite both comfort and style. From the moment you walk in, natural light pours across the real hardwood floors that flow seamlessly throughout the entire downstairs. The private office features a custom wood design accent wall, adding warmth and a secluded, work-from-home feel. The kitchen has been completely opened up and transformed into a true showpiece, sleek, modern, and entirely new, designed to gather, entertain, and inspire. The primary suite is a retreat of its own. The spa-like bathroom is light, airy, and beautifully finished, featuring a spacious walk-in shower that feels like a private sanctuary. Upstairs offers flexibility for every stage of life. Two bedrooms feature hardwood flooring, while plush new carpet adds comfort and warmth to the additional living areas, a playroom, and the expansive family room can easily transform into whatever you envision, a media room, fitness studio, guest suite, or the ultimate entertainment space. From fresh paint and beautifully renovated bathrooms, kitchen, to new floors, fixtures, appliances, garage door, and a refreshed yard, this home is truly transformed. Located in a north-facing position within a highly sought-after Frisco community known for top-rated schools, scenic creeks, resort-style pools, a community gym, and multiple sports courts. This home offers not just a beautiful space, but an exceptional lifestyle.
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.
