ASSUMABLE 3% VA LOAN + $5K CONCESSIONS + FREE DEEP CLEAN + 1-YEAR HOME WARRANTY with FULL PRICED OFFER! This is your chance to lock in a sub-4% rate and save $500-$700 monthly versus today’s 6.5% mortgages. RECENTLY PAINTED INTERIOR AND UPDATED KITCHEN Welcome to 525 Magnolia Trail in sought-after Candle Meadow, a rare find offering 5 bedrooms, 3.5 baths, and 3,490 sq ft of flexible living space perfect for growing families, multi-generational households, or work-from-home professionals. Step inside to discover an open-concept main level featuring dual living areas, two dining spaces, and a chef-inspired kitchen with granite counters, a massive island with built-in banquette seating, and room for everyone to gather. Updated flooring throughout adds fresh, move-in-ready appeal. Upstairs you’ll find a huge game room, dedicated media room (perfect as a 5th bedroom or home office), and three additional bedrooms, each with walk-in closets. The true standout? TWO full owner’s retreats, one on the main floor and one upstairs, ideal for guests, aging parents, or ultimate privacy. Outside, your private backyard oasis includes an extended covered patio, elevated deck, storage shed, and plenty of green space for entertaining or relaxing under the Texas sky. Low $25 per month HOA, excellent DeSoto ISD schools, and convenient access to I-35E, dining, and shopping. Don’t wait! Assumable loans at these rates are RARE in today’s market. Schedule your private showing today and imagine your life at 525 Magnolia Trail!
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.
