Modern Luxury. Private Retreat. Unforgettable Living. Revel in elevated living in this stunning single-story modern masterpiece, exquisitely remodeled in 2022 & nestled on a beautifully landscaped .493-acre lot in one of the area’s most prestigious neighborhoods—just moments from scenic walking & jogging paths. From the moment you arrive, the circle drive sets the tone for the sophistication that await inside. This 4-bedroom, 4-bath residence seamlessly blends sleek contemporary design with everyday functionality. Expansive living spaces invite both grand entertaining & intimate moments with elegant formal living with fireplaces & wet bar, spacious vaulted media room with direct access to the backyard oasis! Light-filled great room with built-ins & a gas fireplace that has an open-concept flow connecting kitchen & dining areas. This is a kitchen that Inspires! At the heart of the home, the chef’s kitchen is a true showpiece, featuring: Cantoni Silestone counters, top-of-the-line appliances, double ovens, warming drawer, Miele espresso bar, exceptional craftsmanship & thoughtful design, perfect for hosting, gathering, & creating memorable moments. It truly has a private sanctuary! The luxurious primary suite is your personal escape, complete with custom closets & a beautifully updated spa-like bath. Just beyond, step into your private Zen garden—a serene outdoor retreat with a relaxation fountain & sitting area, designed to bring peace & tranquility to your daily routine. Enjoy the resort-style backyard paradise. It is simply extraordinary—crafted for year-round unforgettable entertaining with its sparkling diving pool & spa, cooling water misters for warm Texas days, lush turf for low-maintenance beauty, inviting gas firepit for evening gatherings, fully equipped outdoor BBQ & living area, rear gate access with dual basketball hoops, added privacy & an additional storage shed for convenience. Every detail has been curated to create a true private resort experience.
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.
