Welcome to this absolute Rockwall Luxury Showstopper. This Paul Taylor custom built home is absolutely gorgeous from head to toe, and left no stone unturned in the finest details. The backyard is an absolute entertainment paradise for friends and family. From gorgeous outdoor living area to a breathtaking pool with custom lights & water features, remote-controlled retractable screens, this is THE spot to entertain here in DFW! Oh, and do you like flying? You can walk to the municipal airport and take your private plane or helicopter out for a spin over Lake Ray Hubbard and quick getaways for work and travel. This huge corner lot offers so much room and activity space for you and your loved ones. Enjoy paid-off solar panels that provide next to no electric bill, so make sure you keep it just as cold as you want it year round! Pull your vehicles through the porte-cochère, and exit with a short walk to your dedicated home office, and more than enough elbow space for all the family with five bedrooms, each their own dedicated full bath. Enjoy a short bike ride to the famous Harry Meyers Park, and downtown Rockwall’s Chef-ran restaurants providing fine dining and entertainment in the Live Free Music Capital of North Texas. As you enter with the voluminous and soaring ceilings, you’re greeted with beautiful marble floors, luxurious accenting and décor fit for you and your significant other. The stairwell is absolutely jaw dropping with beautiful custom wood work, gorgeous trayed ceilings, and flowing natural light throughout the home. The kitchen is an absolute stunner, with eat in bar seating at the kitchen island and gorgeous granite counter tops, and remarkable custom vent hood, and of course the gas cooktop and double ovens for those lovely nights at the table. The living room is massive, the game room is also massive. This home is the epitome of privacy, luxury, and lifestyle. Home was just appraised too, come and make it yours!
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.
