Welcome to this stunning 5-bedroom, 4 full bath two-story Beazer home in Fate’s highly sought-after Woodcreek community! Built in 2021 and offering 3,259 sq ft, this home delivers the space, upgrades, and lifestyle today’s buyers are looking for—at an incredible value in a neighborhood full of new construction and much higher price points. Step inside to an open-concept layout designed for both daily living and entertaining. The chef’s kitchen features quartz countertops, a beautiful upgraded backsplash, a large island with plenty of prep space, gas cooking, and stylish pendant lighting. Durable flooring runs throughout the main living areas, anchored by a gorgeous stone fireplace with raised hearth. A rare first-floor secondary bedroom with a full bath offers ideal flexibility for guests, multigenerational living, or a private home office. Upstairs, enjoy a spacious media-game room plus three additional bedrooms—all with walk-in closets. One bedroom includes a private ensuite bath, while two others share a convenient Jack-and-Jill bathroom. The oversized primary suite is a true retreat with separate vanities, a soaking tub, walk-in shower, and a massive walk-in closet. Outside, you’ll love the covered front and back porches, extended patio, privacy-enhancing taller fence, and a great-sized backyard. The back patio is wired for TV and entertainment, with added exterior outlets perfect for holiday lighting and string lights. Extra insulation between common areas and bedrooms adds comfort and quiet. Enjoy Woodcreek’s resort-style amenities: pool, clubhouse, pickleball, basketball courts, parks, playgrounds, and scenic ponds—plus Rockwall ISD. Bonus: this home may offer an assumable interest rate at 3.875%! Don’t miss this opportunity to own a beautifully upgraded home with minimal wear in one of Fate’s best communities.
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.
