Welcome to a 1-acre custom residence in Sanger Estates, where peaceful country living meets elevated living just minutes from Denton. Backing to open farmland with no rear neighbors, this property offers the rare combination of privacy, space, and breathtaking Texas sunrise views. The true centerpiece of the home is the extraordinary backyard oasis, designed for unforgettable outdoor living the way you see fit. A stunning pool and spa create a private resort atmosphere featuring a heated saltwater pool while the custom fire pit gathering area provides the perfect setting for relaxing evenings under the stars or hosting friends and family events. Propane gas has been added to fuel the pool heater & fire pit, also creating an opportunity for a future outdoor kitchen to complete the ultimate backyard entertainment space. Inside the thoughtfully designed open concept layout offers both comfort and functionality with 4 spacious bedrooms, 3 full bathrooms & a dedicated office ideal for working from home, homeschool or flex space. The split-bedroom design provides privacy for the primary suite, which is filled with natural light and features a spa-like inspired ensuite bath with dual vanities, a walk-in shower, and an expansive walk-in closet. The kitchen, living, and dining spaces flow seamlessly together, creating an inviting atmosphere perfect for entertaining or everyday living. Gather around the oversized island, host dinner parties in the dining room, or simply enjoy the open and airy feel of the main living space. Set on a flat and highly usable one-acre lot, the property provides endless possibilities for future additions such as a workshop, detached garage for recreational vehicles or boats, sports court, or expanded outdoor living. Ideally located just 10 minutes from Lake Ray Roberts, 15 minutes from Denton and the UNT, 25 minutes to Winstar Casino Resort & 30 minutes to Texas Motor Speedway, this home offers both tranquility and convenience to all major places.
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.
