Charming Lakeside Living in West Tawakoni Discover tranquil living in this delightful 3-bedroom, 2-bathroom home, nestled in the peaceful community of West Tawakoni, TX. Perfectly situated just moments from the shimmering shores of Lake Tawakoni, this residence offers a harmonious blend of comfort and functionality. As you step inside, be greeted by an inviting open floor plan that seamlessly connects the living, dining, and kitchen areas, creating a warm and convivial space. The spacious living room is bathed in natural light, setting the tone for countless family gatherings or peaceful evenings at home. The kitchen is well-appointed with modern appliances, ample cabinetry, and a convenient breakfast bar for casual dining. Retreat to the tranquil primary bedroom, featuring a generous layout and an ensuite bathroom equipped with dual sinks, a garden tub for relaxing, and separate shower. Two additional bedrooms offer flexible space for kids, guests, a home office, or creative endeavors. The second full bathroom is conveniently located, boasting modern fixtures and a linen closet. Enjoy the country charm in the tranquil backyard where deer run behind the house or come up to the fence to say hello, this sizable backyard perfect for outdoor activities, raising chickens, pets to run around, and more. The attached 2-car garage provides ample storage and parking space. This home is ideally positioned to enjoy the proximity to Lake Tawakoni, renowned for its fishing, boating, and outdoor recreation opportunities. Embrace the peaceful lifestyle West Tawakoni has to offer, with this cozy abode providing the perfect backdrop for your next chapter. Whether you are looking for a full-time residence or a tranquil weekend retreat, this property promises to meet all your desires for comfort and convenience. Act fast; this charming lakeside home is a rare find! UPDATES: roof 2026, lighting fixtures 2026, carpet 2026, fresh paint 2026, HVAC 2023
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.
