SELLER WILL ENTERTAIN ALL OFFERS! BRING US YOUR OFFER! Ideal for buyers looking for acreage, no restrictions, and a shop in Wise County 2 ACRES • SHOP WITH ELECTRIC • RV HOOKUP • NO RESTRICTIONS • FULLY FENCED Escape to your own private slice of Texas on this beautiful 2-acre property tucked away on a quiet private road in Paradise, TX. With no restrictions and plenty of space, this property offers the freedom to live how you want—bring your animals, your toys, and your plans. The charming 3 or 4 bedroom, 2-bath home features an open-concept layout with a large butcher block island and butcher block counter tops in the kitchen, perfect for gathering and entertaining. One of this home's standout features is its flexible layout. The current living room can be utilized as either a dining room or living space, while the downstairs bonus room offers the option of a 4th bedroom, second living area, family room, or home office—allowing buyers to customize the space to suit their lifestyle. Step outside to a large composite deck overlooking mature trees and peaceful surroundings, where you’ll enjoy quiet mornings, abundant wildlife, and evenings under the Texas stars around your own bonfire. The property is fully equipped for country living with a 36x24 shop complete with electric, 240 welding hookups, and 3 bay doors, carport, RV hookup, 12x16 storage shed with loft, circular driveway, chicken coops, batting cage, playground set, and a separate well water pump house. Fully fenced and ready for animals, hobbies, or simply enjoying wide-open space. Conveniently located just minutes from town, shopping, dining, and schools—offering the perfect balance of privacy and accessibility. Recently reduced and priced to sell—seller is ready to make a deal. Ask about preferred lender incentives including free appraisal and no underwriting fee.
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.
