Ideally situated within the highly sought-after North Creek community in Melissa - a beautifully master-planned neighborhood known for its exceptional amenities, excellent schools, and prime location - this stunning residence sits on a 60-foot wide lot and offers five spacious bedrooms and three full baths on a single level, along with a three-car garage - a rare and truly desirable combination. As you step inside, you are welcomed by soaring ceilings and gorgeous finishes throughout. The heart of the home is the chef’s kitchen, featuring striking two-toned, ceiling-height cabinetry, a gas cooktop with pot filler, and a stunning waterfall island, all seamlessly flowing into the dining and living areas - creating the perfect space for everyday living and effortless entertaining. Thoughtfully designed with versatility in mind, the five generously sized bedrooms offer endless possibilities - easily transforming into a game room, home office, or playroom to suit your lifestyle. The luxurious primary suite serves as a private retreat, complete with a spa-inspired bath featuring dual vanities, a soaking tub, a super shower, and an oversized walk-in closet. Step outside to a spacious and private backyard with an extended patio - perfect for outdoor living, entertaining, or even adding a pool. A separate gated side yard adds flexibility, ideal for pets, play, or additional storage. Enjoy resort-style living just steps from your door with access to a clubhouse, fitness center, pool, parks, playgrounds, sports fields, putting green, and miles of scenic trails. Zoned to highly regarded Melissa ISD, with an elementary school just a short stroll away, this home offers both convenience and top-tier education. Ideally located just minutes from Central Expressway, Sam Rayburn Tollway, the Outer Loop, HEB, and countless shopping and dining options.
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.
