Charming farmhouse-style retreat nestled on a hilltop, offering peaceful country living with room to roam. Wide covered front and back porches invite you to slow down and enjoy quiet mornings, evening sunsets, and the natural beauty surrounding you. This 3-bedroom, 2.5-bath home is available two ways: purchase the home with 4 acres for $369,900, or own the full 14.6 acres for $420,000. Offering the perfect blend of open space, privacy, and opportunity, this property gives buyers flexible options to fit their needs. Inside, you’ll find an open-concept layout featuring a soaring cathedral ceiling that creates an airy, inviting feel. The kitchen is complete with granite countertops and flows seamlessly into the living and dining areas—ideal for both everyday living and entertaining. A cozy office with built-ins offers the perfect work-from-home setup, while the spacious laundry room provides ample storage and functionality. The private primary suite is a true retreat, featuring a jetted soaking tub, separate tiled shower, and a walk-in closet with built-ins. This all-electric home includes a stove and dishwasher, a 1-year-old roof with a 10-year warranty, and a Generac natural gas generator for added peace of mind. The two-car garage is complemented by an attached workshop—perfect for projects, storage, or hobbies. Step outside and take in your own piece of East Texas, complete with a scenic creek running along the back of the property, adding both beauty and a peaceful natural backdrop. Whether you’re looking for a homestead, hobby farm, or simply space to breathe, this property offers the perfect combination of comfort, functionality, and country charm.
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.
