Looking for the perfect balance of peaceful country living and urban convenience? This exceptional home offers the best of both worlds with a vacation-style community feel just a short stroll from the water and nearby park. A unique property that combines luxury, privacy, and a wealth of rare features within city limits. Nestled on an oversized lot between two picturesque lakes and adjacent to a serene nature reserve this charming home is a true oasis. Enjoy privacy like no other with farm-to-table living made easy by the raised garden and a royal-worthy chicken coop. For plant lovers there is also a greenhouse. Additional standout features include in-ground storm shelter with storage shelves and electricity – perfect for peace of mind. Two workshops with electricity – ideal for hobbyists or DIY enthusiasts. Two additional storage sheds with power for more versatility. A 50 AMP plug to charge toys plus ample parking. Inside you’ll be greeted by an inviting layout with abundant natural light from double-paned windows. The spacious split-bedroom floor plan provides privacy and comfort with the primary suite serving as a cozy sanctuary featuring an ensuite bath and a cedar-lined walk-in closet. For those who love to cook the kitchen offers expansive counter space and SS appliances. Glass doors open for indoor-outdoor living. The large utility room is centrally located for easy access to keep the household running smoothly while the folding table and pantry space add extra convenience. The secondary bedrooms are tucked away in a converted garage creating a quiet retreat with its own family room and full bathroom. This home is ideally situated for easy commutes to Fort Worth, Alliance, and surrounding areas making it a prime spot for those seeking a private lifestyle without sacrificing opportunities. With room to breathe, abundant amenities, and a community feel you won’t find in cookie-cutter neighborhoods this property offers something truly special. It’s a rare find!
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.
