Nestled along a tranquil creek and surrounded by towering trees, this unique home—affectionately known as “The Tree House” offers breathtaking treetop views and unmatched privacy in the heart of DFW. Bathed in natural light, the living room features soaring vaulted ceilings and a dramatic wall of windows that brings the outdoors in, creating a bright and inspiring space for everyday living. This architecturally stunning home showcases gorgeous 1970s design where every corner feels like a piece of art. The open-concept living area flows beautifully, perfect for both entertaining and relaxing while enjoying the serene natural surroundings. The home offers 4 bedrooms and 3 full bathrooms, interior repainted and new carpet with the bathrooms and roof recently updated. The spacious primary suite features skylights that allow you to fall asleep under the stars, along with solar-powered electronic skylight shades for comfort and convenience. A Closets by Design custom closet system adds style and functionality. Additional highlights include a walk-in attic, cedar closet, and a garage equipped with an electric screen—perfect for workouts, hobbies, or enjoying the breeze bug-free. Ideally located next to Vitruvian Park and Brookhaven College, the home provides immediate access to scenic walking and biking paths right behind the property. Just minutes from Belt Line Road, you’ll enjoy dozens of restaurants, entertainment options, and a highly convenient central DFW location. A rare blend of architecture, nature, and location, this home is truly something special. Home is easy to show and easier to fall in love with!
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.
