Charming single-story Hughes floor plan by Meritage Homes on a spacious .22-acre cul-de-sac lot, offering 4 bedrooms, 3 full baths, a flex room, and open-concept living. This energy-efficient home combines modern finishes, functional upgrades, and a backyard designed for outdoor enjoyment. The open layout features light-tone wood-look tile flooring throughout the main living areas, floating entry shelves at entry, ceiling fans in every room, and a spacious living area that flows seamlessly into the kitchen and dining space-ideal for everyday living and entertaining. The gourmet kitchen includes white cabinetry, quartz countertops, a large center island, single-bowl sink, walk-in pantry, and refrigerator that conveys. The flexible floor plan offers space for a variety of needs. A private guest suite with a full bath at the front of the home is perfect for visitors, multigenerational living, or a home office. The primary suite is privately located at the back of the home, creating a peaceful retreat with a cozy windowed nook and an ensuite bath featuring a double vanity, oversized walk-in shower, and walk-in closet with added basket storage. Additional features include a flex space for a second living area, office, or playroom, conveniently located between the third and fourth bedrooms along with the second full bathroom. The home also includes added shelving in the laundry room and attic flooring providing approximately 100 sq ft of additional storage. The backyard has been thoughtfully enhanced for outdoor living with 3-ft wide sidewalks running from the front of the home to the backyard, providing easy access throughout the outdoor space. Just off the covered patio, a full-width concrete extension extends approximately 12 ft from the home, creating a large additional patio area perfect for entertaining. The walkway continues to the back of the yard where you'll find an additional 10 X 20 concrete patio, ideal for outdoor seating, a fire pit area, or additional gathering space. The sidewalk and patio layout were designed with zero-entry accessibility and ramp-style transitions, allowing easy movement between spaces. The spacious yard includes a swing set with tire mulch, raised garden beds with individual irrigation controls, and a fully fenced yard with plenty of room to relax or entertain. Built with Meritage's signature energy-efficient features, including spray foam insulation and Energy Star appliances. The home also includes a water softener. Conveniently located with easy access to Randolph Air Force Base, shopping, dining, and major highways. VA assumable loan opportunity at 3.99% for qualified buyers with VA eligibility.
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.
