OPEN HOUSE ON SATURDAY 2-7 AT 2-4PM AND SUNDAY 2-8 AT 1-3 PM! *BACKS TO A BEAUTIFUL POND! 3 BED PLUS OFFICE! SCENIC VIEWS!* Welcome to this exceptional 3-bedroom, 2.5-bath home with a dedicated office, perfectly positioned in the prestigious Country Lakes North community. Backing to breathtaking pond views, this residence offers a rare opportunity to enjoy refined living with the serenity of waterfront scenery right in your backyard. Thoughtfully designed for both comfort and functionality, this home is ready for its next owner to experience refined living in a highly sought-after neighborhood. Upon entry, you’re welcomed by a designated office and formal dining area that lead seamlessly into the open kitchen and living space. The living room features functional built-in shelving and cabinetry, a cozy gas fireplace, and an effortless flow into the kitchen, which offers a large island with breakfast bar seating, electric range, and pantry for everyday convenience. Upstairs, the primary bedroom and one secondary bedroom showcase scenic pond views-imagine waking up to this view each morning! The spacious primary suite includes a relaxing garden tub, separate vanities with dual sinks, walk-in closet, a a double-sided gas fireplace designed for relaxation, which also adds a sense of serenity to the primary suite—framing a private sitting area and expanded living space with beautiful pond views. Secondary bedrooms provide ample space for comfortable, functional living. Step outside to a spacious backyard designed to highlight the beautiful pond setting, offering an inviting outdoor environment with open sightlines to the water and room to relax, gather, or enjoy quiet evenings overlooking the view. Residents of Country Lakes North enjoy access to a community pool, fishing ponds, playground, and walking and jogging paths, all just minutes from Denton Country Club, shopping, dining, and major highways for convenient commute.
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.
