Welcome to this charming Pacesetter built home in the heart of Melissa’s highly sought after school district. Tucked inside the beloved Creek Crossing community, this thoughtfully designed 2018 build offers 4 generous bedrooms, 3 full bathrooms, and a spacious game room that fits a variety of needs. A warm first impression greets you with lush landscaping, a stone-accented elevation, and a wide, covered front porch perfect for slow mornings or evening unwinds. The oversized 3-car garage features epoxy flooring and extra hanging storage, giving you both durability and organization from the start. New roof and gutters just installed - November 2025. Inside, the open floor plan feels light, comfortable, and ideal for both easy everyday living and relaxed entertaining. The kitchen brings everyone together with stainless appliances, an island, bar seating, and plenty of counter and storage space. Cozy evenings are effortless around the inviting gas log fireplace that anchors the living room. The layout offers convenient main-level living with primary bedroom and two additional spacious downstairs bedrooms. The primary bedroom is unique and has two closets. Upstairs, a private bedroom retreat with its own full bath pairs with a versatile game room that works beautifully as a guest suite, home office, playroom, music room, or media space. The home also includes an ozone system for enhanced air quality and peace of mind. Turnkey and welcoming, this home is ready for you to make it your own. All set in a prime Melissa location close to major routes, dining, and retail.
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.
