It all starts with location, and this one delivers. Homes in this price range, in this location, within Whitehouse ISD rarely become available. Tucked inside the Colony neighborhood in Flint, TX, with a single entrance and exit, you will notice the difference immediately, less traffic, more privacy, and a quieter setting that buyers are actively searching for right now. Just minutes from Hwy 69 South, you get the best of both worlds, quick access to Tyler while still enjoying a tucked-away feel that makes coming home the best part of your day. Plus, you are just a short drive from South Tyler’s shopping, dining, and everyday conveniences. Inside, this well-maintained 3 bedroom, 2 bathroom home offers 1,446 square feet of comfortable, functional living space that feels just right the moment you walk in. Whether you are stepping into homeownership for the first time or looking to downsize without giving up quality, this layout delivers with generously sized bedrooms that give everyone their own space to unwind. The main living area feels open and connected, creating a natural flow for both everyday living and entertaining. Natural light pours in, giving the home a warm, welcoming feel that is hard to replicate. The kitchen and dining areas offer just the right setting for everything from weeknight dinners to hosting family and friends. Step outside and you may find yourself lingering a little longer… the large fenced backyard and covered deck create the perfect space for slow mornings, weekend gatherings, or simply relaxing at the end of the day. It is an extension of the home that truly adds to the overall lifestyle. With sellers ready to make their next move, this home is positioned for a smooth transition. If you have been waiting for the right combination of location, condition, and value, this is one you will want to experience in person before it is gone.
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.
