This exceptional Westrup custom home, built in 2020, shows like a model and offers luxurious living just minutes from White Rock Lake, premier shopping, first-class dining, and Hwy 75.The main residence features 5 spacious bedrooms each with full baths and walk in closets plus 2 half baths, a media game 5th bedroom, large flex space, and office. The separate cabana with a full bath, sink and beverage refrigerator provides the perfect guest retreat, pool house, or art studio. A charming wraparound front porch welcomes you into thoughtfully designed interiors showcasing gorgeous hardwood floors and solid core doors throughout both levels for added quality and privacy. The open-concept living spaces are enhanced with electric shades on all downstairs windows, dimmer switches throughout, ceiling fans in all bedrooms and living areas plus built-in speakers in the kitchen, living room, back porch and cabana. The AV wall in media room makes for the ultimate entire smart home setup. The gourmet kitchen is a showstopper, featuring a F. Bertazzoni Italia built-in refrigerator and 6-burner gas range with griddle and double oven, stunning quartzite countertops and backsplash, and an oversized 10' x 5' island ideal for gathering and entertaining. Enjoy indoor-outdoor living with a gas fireplace in both the living room and back patio. The covered patio includes electric screens that fully enclose the space for year-round enjoyment. Step outside to your private resort-style backyard complete with a heated in-ground pool, turf landscaping and outdoor shower. This custom built home is smart home equipped. An electric gate leads to a covered carport located behind the cabana. This remarkable property combines luxury, comfort, and convenience in one of Dallas’ most desirable locations. A true must-see. All TV's, work out room equipment featuring Cascade HIIT treadmill, ROW ERG and TONAL WALL, large National Security safe in office plus washer and dryer all convey with sale.
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.
