Many buyers searching in Belton expect to compromise between lot size and interior space, especially in established neighborhoods. This home avoids that tradeoff by offering a larger third-acre lot along with a well-balanced single story layout in the Forrest Hill community. Built in 1998, the home provides approximately 1,849 square feet with three bedrooms and two full bathrooms arranged for comfortable daily living. The floor plan keeps the main living area connected to the dining and kitchen spaces, creating a natural flow that works well for both everyday routines and casual gatherings. The single story layout also keeps the home practical and accessible while maintaining separation between living spaces and bedrooms. Set on roughly 0.333 acres, the property offers outdoor space that is becoming harder to find within the city. The lot provides room for outdoor enjoyment, gardening, or simply having more space between neighboring homes while still being close to schools, shopping, and daily conveniences throughout Belton. Most homes in this price range either sit on smaller lots or offer less interior space. Nearby comparable homes range from the upper $260Ks to well above $300K depending on size, age, and updates, positioning this property competitively within the local market. Homes that combine usable square footage with a larger homesite tend to attract attention quickly once they reach the market. Properties with this balance of space and location are not always easy to find in Belton. For added confidence, the home is backed by our 12 month buyer satisfaction guarantee. If your situation changes and you need to sell, our Guaranteed Sale Program can also help reduce the stress of owning two homes at the same time. See it in person and decide how it compares to what else is available.
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.
