MOVE-IN READY * 2.875% VA ASSUMABLE LOAN AVAILABLE FOR QUALIFIED BUYERS Welcome to 517 Acorn Court, where spacious living, everyday convenience, and value come together in the highly desirable Courts of Willow Creek. Tucked away on a quiet cul-de-sac, this home offers a flexible floor plan with generous living areas and space to gather, work, and relax. Enjoy access to the neighborhood amenity center featuring a community pool and covered cabana. Just minutes away, the 65-acre Willow Creek Park offers additional playgrounds, sports fields, open green space, picnic areas, and walking trails perfect for morning walks, weekend recreation, or spending time with family and friends. Conveniently located near US-287 and I-35W, you'll enjoy access to shopping, dining, and everyday conveniences at Boswell Towne Center, Alliance Town Center, and its retail corridor. The location also provides an easy commute to many of North Texas' largest employers, including Lockheed Martin, BNSF Railway, Bell Textron, Fidelity Investments, and the rapidly growing AllianceTexas employment corridor, making this home an outstanding choice for buyers seeking a convenient location with easy access to major employers and amenities. Inside, you'll find an open layout designed for everyday living. The spacious kitchen offers abundant cabinetry and countertop space while overlooking the living area, making it easy to stay connected whether you're entertaining guests or enjoying a quiet evening at home. The primary bath offers dual vanities, soaking tub with a standalone shower plus walk in closet. A versatile upstairs flex space provides options as a media room, home office, fitness area, or playroom. The covered front porch and back patio extend the living space outdoors, creating the perfect places to enjoy morning coffee, entertain, or unwind at the end of the day. Move-in ready and available now, this home is ready for its next owners.
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.
