MUST SEE! Welcome to this stunning two-story home built in 2021, where modern design meets functional living and resort-style outdoor spaces. Offering 4 bedrooms, 3.5 bathrooms, and 2,484 square feet on a corner lot, this thoughtfully designed home features an open-concept layout with luxury vinyl plank flooring, soaring ceilings, and abundant natural light throughout. The chef’s kitchen anchors the main living area and is perfect for both everyday living and entertaining, featuring a large island, gas cooktop, walk-in pantry, and sleek modern finishes. The spacious first-floor primary suite provides a private retreat with a spa-inspired ensuite bath, complete with dual vanities, a garden tub, separate shower, and a generous walk-in closet. Upstairs, you’ll find a large game room and well-appointed secondary bedrooms, including one with an ensuite bath and two with a shared bath, offering both privacy and convenience. Step outside to your private backyard oasis, designed for Texas summers, featuring a covered patio, extended patio with cabana, outdoor shower, and a beautiful in-ground, salt water, heated pool with a tranquil water feature. Located in the highly desirable Station community, residents enjoy over 36 acres of parks and open space, including the beautifully enhanced 34-acre Heritage Park with expansive lawns, splash pad, large playground, amphitheater, and miles of walking trails. The recently completed Commons Park adds nearly two more acres of amenities, featuring a natural wood playground, cornhole, ping-pong, picnic areas, open lawn space, and an open-air pavilion. All of this, plus easy access to nearby shopping, dining, and major routes like PGBT, makes this home an exceptional blend of comfort, style, and lifestyle.
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.
