Welcome to this beautifully appointed 4-bedroom, 3.5-bath two-story home located in the highly sought-after community of Villas at Bear Creek, just minutes from DFW Airport. Perfectly positioned near US Hwy 360 and Hwy 183, this home offers exceptional convenience with effortless access to major highways, premier shopping, dining, and entertainment. Step inside to rich hardwood flooring and an elegant open-concept design filled with natural light. The spacious living area flows seamlessly into the stunning kitchen, creating an ideal setting for both everyday living and entertaining. The chef-inspired kitchen features a large center island, double ovens, built-in microwave, and an abundance of cabinetry, offering both style and functionality for cooking and hosting alike. The thoughtfully designed floor plan includes a private primary suite on the first floor, creating a serene retreat complete with an ensuite bathroom designed for comfort and relaxation. Also located on the main level is an additional full-size bedroom with its own ensuite bath, perfect for guests, extended family, or a private mother-in-law suite. A dedicated home office provides a quiet and productive workspace for those working from home. Upstairs, a spacious game room offers the perfect place for movie nights, playtime, or entertaining, along with two additional generously sized bedrooms that provide plenty of space for family or guests. Step outside to enjoy the covered patio overlooking a spacious fenced backyard, an inviting outdoor setting ideal for relaxing evenings, weekend gatherings, or simply enjoying the Texas sunshine. Combining elegant design, flexible living spaces, and an unbeatable location near DFW Airport and major highways, this move-in ready home offers both comfort and convenience in one exceptional package.
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.
