OPEN HOUSE: 3/28 1-4PM. Welcome to this stately two-story home designed with both comfort and entertaining in mind. From the moment you arrive, you'll be drawn in by the classic brick exterior, mature trees, and beautifully maintained landscaping that create standout curb appeal. Step inside to a dramatic two-story entryway anchored by a stunning staircase and surrounded by elegant architectural details-crown molding, updated lighting, and a warm brick-clad gas fireplace in the family room. Rich wood and tile flooring flow throughout the main level, seamlessly connecting the home's generous living spaces. With three separate living areas and two dining spaces, there's room for everyone to gather, relax, and entertain with ease. The updated kitchen is a true centerpiece, featuring crisp white cabinetry, granite countertops, stainless steel appliances, tile backsplash, under-cabinet lighting, and an oversized walk-in pantry. A first-floor guest suite with a full bath offers flexibility for visitors or multi-generational living. Upstairs, you'll find four additional bedrooms, three full bathrooms, and a spacious game room-perfect for movie nights, play, or unwinding at the end of the day. The expansive primary suite is a true retreat, complete with a fully renovated, spa-inspired bath featuring a large walk-in shower, garden tub, dual vanities, and an oversized walk-in closet. Step outside to your private backyard oasis, where a sparkling in-ground pool and spa with cascading waterfalls take center stage. The covered patio and pergola create the perfect setting for relaxing, dining, or entertaining year-round. Located in the highly regarded NEISD school district and offering exceptional HOA amenities, this home also provides convenient access to shopping, dining, and entertainment. This is the kind of home you feel the moment you walk in-well cared for, thoughtfully updated, and ready for its next chapter. Schedule your private showing today.
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.
