Priced to SELL! Welcome to Rocky Bayou Estates! This 3-bedroom, 2.5-bathroom home offers space, style, and comfort on a nearly half-acre lot in one of the area's most desirable neighborhoods. As you arrive, the charming curb appeal, complete with meticulous landscaping and a cozy front porch, sets the tone for this inviting home. Step inside, and you are welcomed by a bright entryway, leading into a spacious open-concept living area. The Great Room is the heart of the home, featuring a soaring cathedral ceiling, tile flooring, custom built-in cabinetry, and a gas fireplace, perfect for cozy evenings. French doors provide access to the screened porch, where you can enjoy outdoor living in style, complete with a ceiling fan to keep cool. For the home chef, the updated kitchen is a dream, offering beautiful cabinetry, granite countertops, and a breakfast bar that overlooks the family room, making it easy to entertain while preparing meals. The kitchen flows seamlessly into a sunlit dining area, perfect for family gatherings. The master suite is a true retreat, featuring a sitting area with a tray ceiling, and a luxurious en-suite bathroom with a separate tiled shower, garden tub, double vanities, and a large walk-in closet. The two additional bedrooms are generously sized, sharing a Jack & Jill bathroom with plenty of closet and storage space. Step outside to your fully fenced backyard, a true oasis with ample space for kids to play or for hosting gatherings. The patio area is ideal for barbecues, and there's even a dedicated boat/RV slab for your recreational needs. Additional features include a spacious laundry room, an attached two-car garage, and beautiful outdoor views from almost every room. Step into your new life at Rocky Bayou Estates, where every detail has been thoughtfully crafted to offer you comfort, convenience, and style. Whether you're relaxing by the fireplace, hosting gatherings in your gourmet kitchen, or enjoying a quiet evening on the screened porch, this home is designed to elevate your everyday living. With its prime location, generous lot, and modern amenities, this property is not just a house, it's the place where you'll create lasting memories. Don't miss the opportunity to make this exceptional home yours! Roof- 2011. Water Heater- 2018. HVAC- 2012.
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.
