Ideally positioned on nearly a quarter of an acre of land within the iconic and highly sought-after crystal blue lagoon and white sand beach Windsong Ranch community of Prosper, this Shaddock built home is a rare find. Boasting over 4,000 sq ft of thoughtfully curated design, this home features five spacious bedrooms—including three on the main level and two with ensuite baths upstairs. This rare and versatile layout is perfect for hosting guests, accommodating multigenerational living, or creating multiple home office spaces for those who work remotely. Upon entrance, you're welcomed by an inviting foyer with a striking spiral staircase, soaring ceilings, and a handsome executive office tucked behind french doors. The stunning kitchen is equipped with everything a culinary expert could desire, including a gas cooktop and an oversized island that serves as a favorite gathering spot for friends and family alike. The seamlessly connected living room, dining area, and kitchen are perfect for intimate family moments and large-scale entertaining. Desirable first floor primary suite offers a luxurious spa-inspired bath with separate vanities, freestanding tub, and walk-in shower, creating the ultimate sanctuary to unwind at the end of the day. The upstairs game and media rooms, complete with the convenience of a half bath, offer the perfect setting for movie nights and family fun. The property is serviced by highly rated Prosper ISD and offers the added convenience of an on-site elementary school, along with the brand-new Richland High School, set to open soon. Residents enjoy access to premier resort-style amenities, including the exclusive lagoon just a short walk away, a clubhouse, fitness center, café, multiple pools, a splash park, sports courts, scenic trails, and year-round activities for all ages
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.
