Welcome home to 279 Moonshadow Dr in Waxahachie, TX where a RARE 2.75 percent ASSUMABLE loan provides massive MONTHLY SAVINGS for qualified buyers This beautiful 2-story traditional brick and stone home blends TIMELESS COMFORT with MODERN LUXURY, offering 3 SPACIOUS bedrooms, 2.5 baths, and 2,500 square feet of bright, airy living space. Tucked away in the PEACEFUL Buffalo Ridge neighborhood, this 2020-built property provides the PERFECT BACKDROP for creating lifelong family memories. SOARING 10-Foot Ceilings Elevate the entire main floor, complete with RICH WOOD FLOORING and STUNNING 8-foot doors, alongside a GOURMET CHEF'S KITCHEN showcasing PREMIUM granite countertops, a walk-in pantry, rich cabinetry, and a COZY DINING NOOK sized for an 8-foot table. The Master Suite offers an EXPANSIVE first-floor sanctuary paired with a luxury SPA BATHROOM featuring a garden soaking tub, dual vanities, and a CUSTOM RAIN SHOWER. A dedicated home office is TASTEFULLY positioned downstairs with large windows to create a peaceful, light-filled workspace. The upstairs GAME ROOM is prepped for a ceiling-mounted projector, creating the ultimate setup for family movie nights. Packed with ENERGY EFFICIENT EXTRAS, including a TANKLESS water heater, DEEP 12-inch attic insulation, and smart thermostat technology MAKES LIVING COMFORTABLE & CONVENIENT. Outside you'll find a beautifully LANDSCAPED YARD featuring masonry-edged garden beds and three mature trees providing a private, secure green space. Out back, the deep COVERED PATIO spans the entire length of the main living area, offering a PRIVATE OASIS for morning coffee or sunset barbecues. The LOW STRESS HOA offers full use of community facilities, and the neighborhood provides QUICK ACCESS to Highway 287, local parks, and the HISTORIC CHARM of downtown Waxahachie. Zoned for HIGHLY REGARDED Waxahachie ISD Schools, this exceptional property is ready to wrap you in comfort from the moment you step through the front door!
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.
