LUXURY FARM & RANCH ESTATE – TWO HOMES ON 33 ACRES! Experience unparalleled beauty and functionality on this private 33-acre estate, where upscale meets Texas ranch living. Thoughtfully designed & fully renovated in 2016, this fully fenced & cross-fenced property is ideal for livestock, with three barns accommodating animals, feed, tack, & workshop space. The main home, a 3,169 sq. ft. custom ranch style, offers 3 bedrooms, & 3 full baths, with a split-bedroom floorplan & exquisite high-end finishes throughout. Soaring ceilings & wood-look tile floors set the stage for the open-concept great room, where expansive windows capture breathtaking panoramic views & steller sunsets. The gourmet kitchen is a chef’s dream, boasting a massive island, dual sinks, granite countertops, and abundant storage. A dedicated office and an oversized upstairs loft provide flexible space for homeschooling, work, or play. The primary suite is a private retreat, easily accommodating a king-size bed & sitting area, with a spa-inspired ensuite featuring a soaker tub, tiled shower, dual vanities, & a walk-in closet. The East wing includes two additional bedrooms, a dual-sink full bath, a mudroom with quartz counters, sink, and a laundry room. A partially finished basement adds storm shelter space & additional storage. The 816 sq. ft. guest cottage is equally impressive, featuring full-length south-facing windows, sweeping, pastoral views, an open living area with an electric fireplace, a beautifully appointed eat-in kitchen, & a luxurious bathroom. Enjoy the screened-in front porch with jumbo daybed swing, front deck with an accessibility bridge, and a back deck for peaceful outdoor living. A rare offering of elegance, privacy, & ranch-ready amenities—this estate is a turnkey dream for its next discerning owner. Fully ag-exempt for low taxes, 60x40 Homestead barn on slab plus 36x45 barn with stalls. RV Parking & Hookups-Reach out for enhanced amenities & more photos. Too much to list!
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.
