Completely updated brick ranch on 3.39 acres in the Houston School District! With an additional 6 separate buildable lots. This beautifully maintained 3-bedroom, 2-bath home offers over 2,000 sq ft of living space. Built in 1999, the home has been thoughtfully renovated from top to bottom since 2020, blending modern updates with timeless appeal. The exterior showcases whitewashed brick, a new roof, siding, soffit, gutters, and exterior paint (2025), along with a covered front porch and an expansive covered and extended rear patio—perfect for entertaining or relaxing while enjoying the peaceful setting. Sliding French doors open from the main living space to the patio, creating a seamless indoor-outdoor flow. An above-ground pool featuring a 22-ft round, 52-inch depth, sand filter system—ideal for summer enjoyment. Inside, you'll find a fully remodeled kitchen (2021) with stainless steel appliances, quartz countertops, updated cabinetry and fixtures, and motorized blinds (2025). Both bathrooms have been completely remodeled, including the main bath (2021) and the primary bath (2024). Additional interior improvements include new flooring throughout, updated lighting, freshly painted walls and ceilings, new outlets and switches, added attic insulation, and a whole-house water filtration system with reverse osmosis at the kitchen sink (2021). All windows and the patio door were replaced in 2021 (Renewal by Andersen). A standout feature of the property is the 30x40 pole barn with electric and concrete floor, perfect for storage, hobbies, or equipment. Additional upgrades include a new front door, storm door, garage service door, garage door opener, and security cameras. This rare offering combines acreage, extensive updates, and a prime location just outside of town, providing space, privacy, and convenience all in one. A true move-in-ready property with nothing left to do but enjoy.
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.
