Welcome Home to Sparkman Club! Freshly painted and filled with light, this move-in-ready gem is waiting for its next chapter to begin with you. Nestled on a quiet, tree-lined street with no through-traffic, this charming single-level residence offers a peaceful sanctuary in the heart of one of Dallas’s most beloved neighborhoods. Here, you aren't just buying a house; you’re joining a vibrant community known for its spirited holiday parties, neighborhood parades, and genuine neighborly feel. Highlights of Your New Home A Space That Breathes: The heart of the home is a bright, open-concept living area that flows naturally into an eat-in kitchen—perfect for slow Sunday breakfasts or effortless evening entertaining. Modern Touches: Enjoy the perfect mix of classic charm and modern convenience with gleaming granite countertops, stainless steel appliances, and updated bathrooms. Ultimate Flexibility: With 3-4 bedrooms and 3 full baths, the layout adapts to your life. The unique dual primary suites offer incredible versatility—ideal for a secluded home office, a vibrant game room, or a private guest wing for extended family. Safe & Secure: Peace of mind comes standard with a private, motorized rear gate leading to covered parking. The Best of Dallas at Your Doorstep Located just minutes from the prestigious North Dallas private school corridor, you’ll enjoy the rare luxury of a short commute. With instant access to the Dallas North Tollway and I-635, the city’s best dining, shopping, and employment hubs are always just a quick drive away. The Sparkman Lifestyle: Imagine evening strolls down friendly streets and the convenience of a location that puts work and play right at your fingertips. This is the warm, inviting, and convenient Dallas lifestyle your family has been dreaming of. Welcome home.
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.
