Welcome to your new home! A thoughtfully updated home that blends comfort, care, & real opportunity. this property offers an assumable mortgage at 2.75% for qualified buyers — a rare opportunity in today’s market that could significantly impact your monthly payment. From the moment you arrive, you’ll notice this is a home where the maintenance has been done for you. A new roof (October 2025), fresh fencing (2024), and five recently installed windows create both curb appeal and long-term peace of mind. Inside, natural light fills the living space, enhanced by updated lighting and a refreshed ceiling fan that gives the home a clean, modern feel. The kitchen has been upgraded with a new sink and garbage disposal, and behind the scenes, the important details have already been handled — updated shut-off valves under sinks, in the utility room, and at exterior water lines, a water heater replaced in December 2021, and a new smoke detector installed in 2024. The backyard offers flexibility rarely found at this price point. The side yard can be used as an extended driveway for additional parking or enjoyed as extra green space, complete with a walk path leading to the storage shed — perfect for hobbies, tools, or seasonal storage. Located in the growing community of Sanger, you’ll enjoy a small-town atmosphere with convenient access to I-35, Denton, and Ray Roberts Lake. It’s the ideal balance of quiet living and everyday convenience. 4016 Windmill Drive is move-in ready and waiting for you! Schedule a showing today! This Property Faces East.
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.
