CAN'T WAIT FOR YOU TO SEE THIS LOVINGLY MAINTAINED 4/3 IN FOX GROVE! Fabulous black rock walkway greets you as you walk into this WOWZERRRR of a Home!! New tile floors, fresh Interior paint and a family room with a FABULOUS Wood Wall perfect for your LARGE screen TV (current TV does not convey!) Beautiful Chevron tile accents your custom fireplace for those cool Texas nights! Great kitchen any home Chef would love to cook in! Features tons of 42" cabinets, SS appliances and - almost - indestructible Silestone counters! PERFECT for entertaining! This home also features a secondary bedroom and FULL bath down - great for a Mother N Law suite! Once you head upstairs you will find a huge Game room for the kids to enjoy... or great space for an office or yoga studio! The two additional bedrooms - BOTH with walk-in closets - share the full bath up! Laundry room is conveniently located upstairs for easy laundry chores! Nowww... the over-sized - UPSTAIRS - Primary bedroom offers beautiful sunsets that can be enjoyed from the multiple windows! Relax in the garden tub in the primary ensuite and you will LOVE the extra large Primary Closet ... Ooh la la!! And just wait until your guests check out the FABULOUS backyard!! Complete with outdoor kitchen and several seating areas including an uber cute fire pit area! There is a dog run on one side of the home and plenty of grass on the other side for play time! Lots of open space to explore behind the fence too!! Tons of outdoor lighting just adds to the ambiance and beauty of this gorgeous backyard with beautiful sunsets and star gazing opportunities! HIGHLY acclaimed NEISD schools, and ooh so close to great shopping and multiple restaurants! Come for a Visit ~ Stay for a Lifetime!!
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.
