Welcome to this beautiful Stonehollow home where quality craftsmanship, timeless finishes, and thoughtful design come together to create an exceptional living experience. From the moment you step inside you'll notice the Rich Hand-Scraped Hardwood floors, natural light and warm atmosphere that make this home feel both comfortable and refined.Open-concept design offers seamless flow between the kitchen,dining and living spaces making everyday living and entertaining effortless. At the heart of the home is the spacious kitchen showcasing beautiful granite countertops,crisp white cabinetry,stainless steel appliances, abundant storage and a large breakfast bar perfect for gathering with family and friends.The bright neutral color palette creates the fresh timeless look today's buyers are searching for. Living room is anchored by a stunning wood-burning stone fireplace with a beautiful mantel creating the perfect place to relax and unwind.Just off the entry a dedicated home office behind French doors provides privacy and flexibility for remote work, studying or hobbies. Designed with privacy in mind the split-bedroom floor plan separates the primary suite from the secondary bedrooms and office. Unwind in the inviting primary ensuite complete with elegant countertops, dual vanities and a separate tub and shower along with a walk in closet. One of the most impressive features of this home is the generous room sizes throughout. Step outside to enjoy the covered back patio providing the perfect setting for morning coffee, weekend gatherings, or relaxing Texas evenings, backyard provides plenty of space to entertain and enjoy the outdoor. As an added bonus the structural warranty provides valuable peace of mind for future homeowners. Combining Stonehollow's renowned quality, desirable upgrades, oversized secondary bedrooms, a private office, and move-in ready condition, this home offers an opportunity that's increasingly difficult to find in today's market.
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.
