Beautifully reimagined with today’s modern touches, 6661 Hillwood Lane is a rare single-story gem nestled in one of North Dallas’s most desirable and established neighborhoods. This thoughtfully designed 4-bedroom, 2-bath residence blends timeless style with functional living, offering two generous living areas and a seamless layout ideal for both entertaining and everyday comfort. From the moment you step inside, you're greeted with rich hardwood flooring that runs throughout the home, a light and neutral color palette that enhances the natural light, and clean-lined finishes that create a fresh, airy ambiance. Every room has been thoughtfully updated to reflect a cohesive sense of elegance and ease. The heart of the home features two expansive living spaces that offer flexibility for both formal and casual use—whether you’re hosting guests, enjoying quiet evenings by the fire, or creating a dedicated space for work or play. The updated kitchen is open and inviting, with stylish cabinetry, quality appliances, and plenty of prep space—perfect for morning coffee rituals or gathering with loved ones over home-cooked meals. Privately situated, the spacious primary suite provides a tranquil retreat with a large walk-in closet and a beautifully updated en suite bath. The split-bedroom layout offers privacy for guests or family, with three additional bedrooms thoughtfully placed on the opposite side of the home. Outside, the home enjoys a prime interior lot with mature trees and manicured landscaping, all within minutes of top-rated Richardson ISD schools, local parks, dining, shopping, and commuter routes. Whether you’re upsizing, downsizing, or simply seeking a refined and move-in-ready home in a central North Dallas location—Hillwood Lane checks every box.
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.
