Welcome to this sun-drenched end-unit Bradley model featuring over $100,000 in thoughtful upgrades and an abundance of windows that fill the home with natural light. This spacious four-level townhome offers 3 bedrooms, 3.5 baths, and a two-car garage, combining comfort, style, and modern updates in one exceptional property. The main living level showcases hardwood floors, upgraded light fixtures, a built-in bookcases, and a cozy gas fireplace that create a warm and inviting space for everyday living and entertaining. The fully renovated designer kitchen is a standout, featuring stainless steel appliances, quartz countertops, subway tile backsplash, a center island, plantation shutters and a convenient coffee station with abundant cabinetry. The deck has been recently replaced with low-maintenance TREX boards, making it perfect for relaxing or entertaining outdoors. Upstairs, the primary suite features vaulted ceilings and a beautifully renovated bath with a walk-in shower and two separate vanities. The second bedroom also includes its own fully renovated bath, providing comfort and privacy. The fourth-level loft has been fully enclosed to create an additional private bedroom with a renovated full bath, ideal for guests, a home office, or flexible living space. Additional improvements include ceramic tile flooring in the lower-level entry, a new roof installed in 2023, updated HVAC systems including a lower-level Carrier furnace and water heater replaced in 2019, and an upper-level Lennox air handler installed in 2014. The living room window and the sliding glass doors to the deck have been recently replaced. As an end unit, the home benefits from extra side windows that bring even more natural light throughout the interior. Ideally located, the home is close to Brenman Park with easy access to Interstate 395, community amenities including a club and shuttle service to Van Dorn Street Metro Station, as well as nearby shopping and dining. This home offers the perfect blend of space, modern upgrades, and an unbeatable location in a highly sought-after community.
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.
