Stunning curb appeal and perfectly situated on the 8th hole of Pecan Plantation Golf Course, this beautifully updated 3-bedroom, 2.5-bath home blends modern upgrades with timeless character. The spacious open-concept floor plan features a wood-burning fireplace and expansive windows that showcase picturesque golf course views. The updated kitchen boasts modern finishes, a large island, and ample space for entertaining. A convenient half bath is ideal for guests. Enjoy year-round relaxation in the sunroom, overlooking a shaded backyard deck—perfect for outdoor living. A dedicated workspace adds flexibility for remote work or hobbies. The primary suite is generously sized and features a fully updated ensuite bath with a walk-in shower and walk-in closet. Secondary bedrooms are also well-sized with ample storage and access to a full bathroom. A three-car garage provides plenty of room for vehicles, storage, and a golf cart. Located in the highly sought-after gated community of Pecan Plantation, residents enjoy resort-style amenities including two championship golf courses, clubhouses with dining, a marina on the Brazos River, riverfront parks, pools, tennis and pickleball courts, fitness facilities, and walking trails. Additional features include a private airpark, equestrian facilities, and convenient on-site services such as a grocery store, pharmacy, bank, and medical offices. With 24-hour security, private EMS and fire services, and an active community lifestyle, Pecan Plantation offers an exceptional place to call home.
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.
