Must sell! Any reasonable offer will be considered by the sellers! Welcome home to 608 Donna Circle. Located in the sought after community of Ashley Oaks on the Acton side of Granbury! Perfectly located close to everything Granbury has to offer and only 2 minutes to Hwy 377. Currently the only 4 bedroom home for sale in the community! Composition shingle roof is a category 4 roof and only 2 years old! New HVAC recently installed. Solar panels that generate enough electricity to power the entire home. Average electric bill is only $50.00! 4 bedrooms, 2 baths, 1920 square feet, built in 2011. Inviting and open foyer greets you as you open the front door. Walk into the large and open living room that features several large windows looking out to the back yard, rugged stone wood burning fireplace, floor to ceiling columns, and a very convenient coffee bar just off the fireplace. Large and open kitchen with granite countertops, walk in pantry, and full electric appliances. Refrigerator, cooktop, oven, microwave, and dishwasher. Cozy breakfast area is located just off the kitchen with windows looking out to the backyard. Primary bedroom is oversized and will easily hold a king size bed! Primary bathroom features granite countertops, double sinks, private commode closet, jetted garden tub, and a separate oversized shower. 10X5 walk in closet with built in show shelves is perfect for clothes for all seasons. Bedrooms 2, 3, and 4 are split bedrooms with ceiling fans, and walk in closets. Guest bath features granite countertops, and a tub shower combo. Outside the home is very nice. Sprinkler system. Full size 2 car garage with automatic opener. Elegant landscaping, trees, sod, gutters, and an inviting entrance to the covered front porch. Wood privacy fence around the back yard, storage building, and a relaxing covered back patio perfect for watching the sun rise in the morning with your cup of coffee. City water and sewer, sidewalks, concrete streets, underground utilities.
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.
