Stunning custom modern contemporary home in the immaculate Lake Ridge community, thoughtfully designed with dramatic architecture, refined finishes, and a scenic backdrop of mature trees and green space. The grand foyer makes an immediate impression with soaring ceilings and floor-to-ceiling windows that flood the formal living and dining spaces with natural light. The open-concept design continues into an expansive main living area with oversized sliding doors and seamless indoor-outdoor flow for entertaining. A private study offers flexibility for working from home, while the dedicated wine room and stylish wet bar add to the home’s upscale entertaining appeal. The gourmet kitchen is a standout, featuring quartz countertops, top-tier stainless steel appliances, extensive custom cabinetry, designer lighting, and a striking oversized island. The primary suite is a true retreat with peaceful tree-lined views, generous proportions, and direct access to a private balcony ideal for morning coffee or unwinding in the evening. The spa-inspired bath offers a freestanding tub, oversized remodeled shower, dual vanities, and a custom walk-in closet. A second primary suite on the lower level adds versatility for guests or multigenerational living, while the three-car porte-cochere garage enhances both function and curb appeal. Solar panels plus a Generac whole-home generator provide meaningful energy and backup-power benefits. Set near Tangle Ridge Golf Club, this home also enjoys convenient access to some of Cedar Hill’s best outdoor attractions and entertainment. Nearby destinations include Joe Pool Lake and Cedar Hill State Park for boating, fishing, kayaking, trails, and camping, along with Dogwood Canyon Audubon Center and Cedar Ridge Preserve for hiking, nature exploration, and scenic overlooks. This exceptional property blends luxury design, thoughtful livability, and a sought-after Cedar Hill location near golf, lakes, trails, shopping, and dining.
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.
