If you’ve been waiting for the one, it’s here. From the moment you step inside, you’ll notice how naturally the home flows—filled with natural light, offering a layout that supports comfortable daily living and effortless entertaining. Tile and laminate flooring run throughout, creating a cohesive, low-maintenance feel throughout. In the kitchen, updated white cabinetry, modern hardware, and a spacious island that naturally draws people together. The breakfast nook opens directly to the backyard, making it easy to step outside with your morning coffee or keep the doors open while friends gather inside. When you step out onto the patio, picture your day beginning here—coffee in hand, enjoying a quiet moment before the world gets busy. This space works just as well for weekend grilling or winding down in the evening. When summer rolls around, you’ll love watching Fourth of July fireworks right from your own backyard—no crowds, no parking, just your own view. Your primary bedroom offers a calm retreat where you can relax and recharge at the end of the day. The ensuite bath includes a soaking tub, separate shower, and a walk-in closet with built-in storage that keeps everything organized and easy to access. The laundry room adds character with a sliding barn door and convenient access to the garage, showing that practical spaces can still feel intentional. Just off the main living area, a versatile front room with built-in shelving easily adapts to your needs—serving as a home office, dining area, library, or creative space—while maintaining an open, connected feel. Located in a quiet Sachse neighborhood with convenient access to schools, parks, shopping, dining, and major commuter routes. Seller prefers an as-is sale and may consider a paint allowance with an acceptable offer. There is a transferable home warranty in place.
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.
