Imagine coming home to a quiet street, friendly neighbors, and a home designed to make everyday life feel effortless. Nestled within a peaceful cul-de-sac in Carrollton-Farmers Branch ISD, this inviting one-story home offers comfort, flexibility, and room to create something truly your own. From the moment you step inside, soaring ceilings in the spacious living room create an open, airy atmosphere that instantly feels welcoming. Whether you're hosting family for the holidays, gathering with friends to watch the big game, or simply unwinding after a long day, this is a space that naturally brings people together. The open-concept kitchen overlooks the main living area, making it easy to stay connected while preparing meals, helping with homework, or enjoying conversation around the table. Ample cabinetry and generous counter space provide the functionality every home chef appreciates while offering the perfect foundation to create a kitchen that reflects your own style. The thoughtfully designed bedroom wing keeps all three bedrooms together, creating a layout that feels comfortable and connected. Whether you're checking on little ones before bed, welcoming overnight guests, or setting up a home office, the flexible spaces are ready to adapt to whatever life brings next. Step outside to a backyard ready for weekend barbecues, evening conversations under the stars, or simply enjoying a quiet morning with a cup of coffee. With no rear neighbors, you'll appreciate the added sense of privacy that makes it feel even more peaceful. Practical details haven't been overlooked either. A floored attic provides valuable storage every homeowner appreciates for seasonal décor, keepsakes, and the things you want tucked away but close at hand without sacrificing living space! Whether you're purchasing your first home, downsizing, or simply looking for a place that feels welcoming from day one, this home offers the perfect setting to begin your next chapter.
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.
