Welcome to your dream home at 2701 Beau Dr, a renovated, desirable move-in-ready masterpiece located on a BEAUTIFUL CORNER LOT in Mesquite, TX that perfectly blends modern luxury with absolute property freedom! From the moment you arrive, the brand-new roof provides immediate peace of mind, ensuring your investment is protected and your insurance premiums stay low from day one. Step inside the spacious 2,472-square-foot layout to discover an airy, upscale atmosphere defined by high vaulted ceilings, natural lighting, beautiful fireplace that frames the living areas, upgrades throughout, pride of ownership, ample storage and premium flooring! The heart of this home is the stunning gourmet kitchen, showcase-ready with premium quartz countertops, modern cabinetry, natural lighting, open concept and sleek finishes designed for effortless cooking and memorable entertaining! You’ll love that you also have a HUGE laundry room with an upgraded sink and loads of cabinets along with hanging area for clothes! So Needed! This property is uniquely designed to adapt to your lifestyle with multiple versatile bonus rooms that easily transform into a dedicated home office, a vibrant game room, a private fitness center or all of the above! Beyond the walls of this beautiful interior lies a massive, tree-lined backyard oasis. This expansive outdoor space gives you the ultimate canvas for a future pool, custom patio, and weekend barbecues. Your home will also include an AMAZING two-story workshop with electric that is 14x12ft! Best of all, this property sits entirely outside of any HOA boundaries, meaning you enjoy true homeownership with zero monthly fees, zero strict rules, and total control over your land. Reach out today for a tour of the home that will meet your needs today and tomorrow! Home is move in ready!
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.
