Natural light, flexible living space, and a location that connects you to everything—this 4-bedroom, 3-bath home in The Reserve at Gateway Village checks all the boxes. Built in 2022 and meticulously maintained, this 2,262-square-foot home offers the benefits of newer construction without the wait. The open-concept design creates an easy flow between the living, dining, and kitchen areas, making everyday living and entertaining feel effortless. The kitchen is designed to be the heart of the home, featuring quartz countertops, a large center island, abundant workspace, and plenty of storage. Upstairs, a versatile flex space offers endless possibilities as a game room, home office, media room, or additional living area. Smart home features and energy-efficient construction add convenience and long-term value. Life in The Reserve extends beyond your front door. Residents enjoy direct access to Texoma Health Foundation Park, complete with a splash pad, playgrounds, sports courts, sand volleyball courts, baseball and soccer fields, and expansive green spaces. Scenic walking and biking trails wind through heavily treed greenbelts and creek-lined areas, while pedestrian-friendly sidewalks connect directly to Gateway Village’s dining, shopping, and entertainment destinations, including CJ’s Coffee Cafe, HeyDay Entertainment, and Urban Air. Loy Lake is just minutes away, and Lake Texoma is a short drive north for boating, fishing, camping, and recreation. ask listing agent about seller preferred lender incentive available to buyer. Move-in ready, thoughtfully designed, and ideally located, this home offers the opportunity to enjoy one of Denison’s most connected and rapidly growing community
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.
