Welcome to a one-of-a-kind creekside retreat in Orchard Hills Estates, perfectly situated on an incredible over half-acre cul-de-sac lot backing directly to scenic Duck Creek. Rarely found in Garland, this unique property is the only home in the community with direct access down to the creek, creating a backyard setting that feels more like a private nature getaway than a suburban home. Surrounded by towering mature trees and breathtaking creek views, the outdoor space is truly unforgettable. Relax in the private hammock retreat, entertain on the patio, watch hummingbirds and wildlife from the kitchen window, or take the custom slide down to the creek for added fun and adventure. The charming front-yard tree swing adds even more character and curb appeal. Inside, this move-in-ready 3-bedroom, 2.5-bath home blends timeless charm with thoughtful updates throughout. Hardwood floors, spacious living areas, and abundant natural light create a warm and inviting atmosphere. Extensive improvements have been made to enhance both comfort and functionality, including new downstairs windows, a newly rebuilt back exterior wall with windows and door, resurfaced upstairs tub-shower, rebuilt gas and wood-burning brick fireplace with mantle, laundry room cabinetry, and new front doors. The kitchen features granite countertops, 36-inch cabinets, a double undermount sink, and picturesque backyard views that make everyday living feel peaceful and serene. Additional highlights include no HOA, roof replaced in 2016, and Garland ISD choice of schools. Conveniently located just minutes from Jon Comer Memorial Skate Park, Downtown Garland Square, and less than 20 minutes from Lake Ray Hubbard, this hidden retreat offers the perfect balance of privacy, nature, convenience, and adventure.
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.
