RARE opportunity to ASSUME an existing loan at just 2.25%! 417 Boonesville Bend in The Oaks of Argyle, Texas sits in this established neighborhood with mature oak trees, multiple green spaces, trails, and nearby schools. This beautifully built custom home blends timeless design with functional spaces for comfortable everyday living. From the inviting front porch to the sparkling pool and spa, each space feels intentional. Inside, a private office sits just off the entry, offering a quiet place to work or study, while the formal dining room sets the stage for everything from holiday gatherings to intimate dinners. Centered at the heart of the home, the kitchen and family living area open to one another, creating a natural gathering space that feels both inviting and connected. The kitchen is beautifully appointed with a generous island with seating, farmhouse sink, gas cooktop, walk-in pantry, butler’s or coffee bar space, plus a sunlit breakfast nook for everyday moments. A wall of folding glass doors in the family room opens wide, seamlessly connecting to the backyard for year-round enjoyment. The covered patio, built-in grill, outdoor fireplace, lush landscaping, and turf all create a true sense of retreat. The heated pool and oversized spa complete the setting, perfect days and evenings with loved ones and friends. The primary suite is a true escape, featuring a luxurious freestanding bath, a double-headed shower, and separate his and her walk-in closets. A private guest suite on the main level offers comfort and flexibility for visitors or multigenerational living. Upstairs, the home continues to impress with a game room, built-in workspace, and two additional bedrooms each with its own full baths. Balanced, beautiful, and designed for the way you live today, offering privacy and room to grow. Ideally located in the highly regarded Argyle ISD. Perfect blend of small-town charm and modern living just minutes from dining, shopping and major commuter routes.
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.
