From the soaring two-story ceilings and dramatic wall of windows to the expansive open-concept design, this stunning 2024-built home in sought-after Spiritas Ranch was designed for gathering, entertaining, and everyday living. Offering over 3,000 square feet, this thoughtfully crafted floor plan features 4 bedrooms, 3 baths, a dedicated home office, formal dining, and an oversized upstairs game room. Natural light fills the spacious family room, highlighted by a sleek fireplace and seamless flow into the chef-inspired kitchen featuring quartz countertops, an oversized island, double ovens, gas cooktop, designer backsplash, walk-in pantry, and abundant cabinetry. The private first-floor primary retreat offers a spa-inspired bath with dual vanities, soaking tub, oversized shower, and a generous walk-in closet. Upstairs, spacious secondary bedrooms and a versatile game room provide endless possibilities for movie nights, a media room, home gym, or additional living space. Step outside to enjoy the covered patio and pool-sized backyard with room to entertain, play, or create your dream outdoor oasis. Built in 2024, this move-in ready home combines modern style with the advantages of newer construction and energy efficiency. Located in the heart of Little Elm and zoned to Denton ISD, residents enjoy convenient access to Lake Lewisville, PGA Frisco, Universal Kids Resort, HEB, The Star, shopping, dining, parks, walking trails, and major commuter routes. Little Elm continues to establish itself as one of North Texas' most sought-after communities, blending lakeside charm with exciting growth and amenities. Convenient to Frisco, Prosper, Aubrey, and Denton, this exceptional home delivers the space, style, and location today's buyers are searching for. **Come experience the perfect blend of luxury, comfort, and convenience, and start making memories in the dream home you've been waiting for.**
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.
