If you’ve been waiting for a home that feels like a smart first step and one that can grow with you, 2801 Greystone Drive is worth a closer look. Set on a corner lot just 8 minutes from the main gate of Fort Hood, this all-brick home offers a layout that simply makes sense. Whether you’re a first-time buyer, downsizing, or thinking ahead to future rental income, his home checks all the boxes. The living room feels warm and welcoming with a wood-burning fireplace, updated light fixtures add a fresh touch in the kitchen, dining area, and hallway, and ceiling fans throughout keep the home comfortable year-round, while easy-care vinyl plank flooring runs through the entire home. The kitchen is practical and well designed with solid wood cabinetry, laminate countertops, and extra storage to keep counters clutter-free, plus a designated dining area perfect for everyday meals or hosting friends. The home features two spacious bedrooms plus a dedicated office or extra room that can easily serve as a third bedroom, offering flexibility for a home office, guest space, or roommate setup; the oversized second bedroom can comfortably fit two full or queen beds and includes a large closet with shelving, while the primary bedroom easily fits a king-size bed and features a privacy window that allows in natural light. The primary bathroom includes a tiled step-in shower, an updated vanity, and original built-in wood cabinetry for linens, and the hall bathroom offers an updated vanity with a shower/tub combo. Outside, enjoy an oversized back patio, a fenced in backyard, and the added privacy and parking flexibility that come with a corner lot, plus a two-car garage with built-in cabinetry and shelving for easy organization. With convenient access to shopping, dining, and everyday essentials, and strong long-term appeal for rental income, this home is a solid choice for today and a smart move for the future. THIS HOME WON'T LAST LONG! Schedule your showing today!
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.
