Discover one of the best opportunities to own a golf-course home in Dallas at 4027 Fairlakes Dr, ideally positioned on the 5th tee box of the prestigious Dallas Athletic Club. This beautifully updated residence offers more than 3,000 square feet of thoughtfully designed living space with sweeping fairway and pond views that create a peaceful, resort-style setting right in your backyard. A wall of windows across the main living area fills the home with natural light and showcases the stunning golf course scenery, making it perfect for both everyday living and entertaining guests. The open-concept layout provides a seamless flow between the living room, dining area, and kitchen, creating an inviting atmosphere for gatherings and comfortable daily living. The spacious primary suite serves as a true retreat with custom built-ins, two generous walk-in closets, and a beautifully updated spa-inspired bathroom designed for relaxation and comfort. Two additional bedrooms and a well-appointed full bath offer flexibility for family, guests, or a home office, while the additional half bath adds convenience for entertaining. Step outside to an expansive wood deck that stretches across the back of the home—an ideal space for outdoor dining, morning coffee, or relaxing evenings overlooking the manicured fairways of the Dallas Athletic Club golf course. The outdoor living area provides a front-row seat to breathtaking sunsets and serene golf course views that are rarely available at this price point in Dallas. Located in a well-established community near White Rock Lake, major highways, shopping, and dining, this home offers the perfect balance of privacy, scenery, and accessibility. With true golf-course frontage, over 3,000 square feet of living space, and a highly desirable Dallas Athletic Club location, 4027 Fairlakes Dr represents one of the most compelling values currently available for golf-course living in Dallas.
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.
