Welcome to 300 N Clark Rd, a spacious and beautifully updated home offering 5 bedrooms, 3 full baths, and 2 half baths, nestled on a private wooded lot with luxury features inside and out. This open-concept home boasts three inviting living areas on the main floor, one featuring a cozy wood-burning fireplace. The downstairs game room includes an ensuite bath and private patio access, making it ideal as a guest suite or sixth bedroom. A second bedroom on the first floor also includes a full ensuite bath, perfect for use as a home office or flexible living space. A well-appointed bar area, abundant storage, and a large utility room with space for a second refrigerator add to the home’s functionality. Updates include a new hot water heater, new attic insulation, paid-off solar panels for energy efficiency and a 1.5 year old roof 1.5. Upstairs, you’ll find four spacious bedrooms, including a primary suite with a corner jetted tub and private balcony views of the lush backyard. Two of the secondary bedrooms also enjoy sizable balconies overlooking the stunning outdoor oasis. A fourth upstairs living area, currently used as a media room, offers even more flexibility. Step outside to your private paradise: a large pool and spa with a waterfall, separate kids’ pool, sports court, and outdoor kitchen—perfect for entertaining. The pergola (2021), Tesla wall for power storage and large storage shed adds even more value to this exceptional property. The creek at the base of the lot and towering trees create a serene, private atmosphere that's truly rare. Whether relaxing by the pool, hosting friends under the pergola, or enjoying quiet evenings on the balcony, this property offers the best of luxury, comfort, and privacy in the heart of Duncanville.
300 N Clark Rd, Duncanville, TX 75116
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.
