Step inside your dream townhome, where modern luxury meets everyday convenience, all located with easy access to everything you need! Best of all, enjoy the freedom and savings of no HOA! Enter from the quaint front porch, complete with a ceiling fan—the perfect spot for your morning coffee. The first floor immediately impresses with continuous tile flooring and a spacious, open-concept layout. The living room flows seamlessly into a stunning kitchen, featuring a large center island perfect for entertaining, sleek granite countertops and shaker-style cabinets and stainless steel appliances, including a gas cooktop. Functionality is key on this level, with a convenient half bath and a dedicated mudroom equipped with a built-in bench, cubbies, and upper cabinets to keep you perfectly organized. A large, well-placed laundry room completes the first floor. Ascend to the second floor, where plush carpeting in the bedrooms provides comfort and a dedicated landing area offers flexible space for a home office or reading nook, all anchored by durable tile flooring in the hallway. The private Primary Suite boasts a spacious walk-in closet and a luxurious ensuite bathroom. Pamper yourself with granite countertops with dual sinks, an oversized, walk-in shower and the two additional bedrooms share a full bath in the hallway, offering plenty of space for family or guests. Enjoy the cozy, covered patio, featuring low-maintenance turf grass—ideal for relaxing without the upkeep. A rear-entry two-car garage provides secure parking and includes a tankless water heater, offering efficiency and endless hot water. This townhome is perfectly situated with easy access to Lockheed, a short commute to bustling downtown Ft Worth, and convenient proximity to a variety of shopping and dining options. Plus, enjoy weekend adventures at Eagle Mountain Lake just a stone's throw away. Don't miss the chance to own this beautiful townhome with practical design, and unbeatable convenience!
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.
