Upgrades & Updates Throughout! Perfectly positioned near Lake Ray Hubbard, this thoughtfully designed Garland home combines comfortable living, functional spaces, and exceptional convenience in one of the area's most accessible locations. Filled with natural light and designed for both everyday living and entertaining, the home offers an inviting open layout that creates a seamless connection between the main living spaces. The spacious family area centers around a cozy fireplace and flows effortlessly into the kitchen, creating an ideal setting for gatherings, celebrations, or relaxing evenings at home. The kitchen features warm butcher block countertops, crisp white cabinetry, a peninsula breakfast bar, and a large picture window above the sink overlooking the private fenced backyard, bringing the outdoors in and creating a bright, welcoming atmosphere. Separate living + formal dining rooms provides flexibility for hosting dinner parties, holiday meals, or creating a dedicated workspace. Well-sized bedrooms offer comfortable retreats, while the patio and backyard create opportunities for outdoor dining, gardening, recreation, and enjoying the Texas sunshine. Located just minutes from Lake Ray Hubbard, residents enjoy convenient access to waterfront dining, boating, fishing, marinas, parks, trails, and outdoor recreation. Commuters will appreciate easy access to Interstate 30, President George Bush Turnpike, and Interstate 635, providing connectivity to Downtown Dallas, Richardson, Plano, Rockwall, Mesquite, and major employment centers throughout the Metroplex. Nearby shopping, dining, and entertainment destinations include Firewheel Town Center, Rockwall Harbor, grocery stores, retail conveniences, and a variety of local restaurants. Combining indoor comfort, outdoor enjoyment, and a location that keeps daily necessities and recreation within easy reach, this property presents an outstanding opportunity to enjoy the best of Garland living.
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.
