Finding a duplex that balances space, functionality, and a sizable lot is not always easy. This property in King’s Crossing delivers both. Set on approximately 0.307 acres, this single story duplex offers a combined 2,590 square feet with six bedrooms and four bathrooms across two separate units, creating flexibility that many properties in this segment simply do not provide. Built in 2003, each unit is designed with a practical layout that supports comfortable everyday living. Both sides offer three bedrooms and two full baths, with living and dining areas that connect naturally to the kitchen, allowing the space to feel open while still maintaining clear functionality. Carpet and laminate flooring provide a balance of comfort and durability, while natural light helps keep the interior spaces bright and welcoming. The outdoor space adds another layer of usability. A fenced yard combining privacy and chain link fencing creates a secure and versatile setting that can accommodate gatherings, pets, or simple outdoor relaxation without overwhelming maintenance. Most properties in this price range offer either limited flexibility or smaller outdoor space. The combination of two full residential units, a larger lot, and practical layouts places this duplex in a stronger position within its market segment. Financing options accepted include cash, conventional, FHA, VA, Texas Vet, and USDA. For added confidence, this property qualifies for our 12 month buyer satisfaction guarantee. If you need to sell before you buy, our Guaranteed Sale Program can help reduce the pressure of owning two homes. See it in person and decide how it compares to what else is available.
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.
