This custom Carothers home combines quality craftsmanship, generous living spaces, and thoughtful updates, all set on an oversized lot with mature trees and beautifully maintained landscaping. Fresh interior paint and carpet give the home an updated feel, while major improvements including a new roof in May 2026, HVAC replacement in 2023, and water heater replacement in 2022 provide added peace of mind. The inviting layout and detailed finishes create a warm yet impressive first impression. The formal dining room opens easily from the foyer, while the spacious great room features a striking rock fireplace and raised double step-up ceiling that adds depth and architectural appeal. Just off the entry, French doors lead to a versatile second living area that works perfectly as a home office, media room, or quiet retreat. Designed with both style and function in mind, the island kitchen is ready for everyday living and entertaining alike with granite counters, deep stainless sink, rock-accented breakfast bar, smooth-top range, built-in microwave, dishwasher, and abundant workspace. The attached breakfast area overlooks the expansive covered patio and backyard. The owner’s suite is a true escape with an additional sitting area perfect for reading, relaxing, or creating a private workspace. The spacious bath includes double marble vanities, a jetted marble tub framed by a glass block window, oversized separate shower, and an impressive walk-in closet. On the opposite side of the home, the secondary bedrooms are connected by a generously sized Jack-and-Jill bath with separate vanity and closet areas for added convenience and privacy. Outside, the oversized patio is ready for weekend cookouts and outdoor entertaining, while the huge backyard offers endless possibilities for a future pool, play space, or garden retreat. Surrounded by a wood privacy fence, this backyard was made for enjoying Texas evenings at home.
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.
