Gorgeous Custom Home in Misty Creek Gated Community – Priced to Sell! Step inside this beautifully crafted Stillwater Custom Home featuring 5 spacious bedrooms, 4 full baths, and a private office retreat, perfectly positioned in the desirable Misty Creek gated community. Offering 3,295 sq. ft. of thoughtfully designed living space, this home combines elegance, comfort, and modern functionality in one exceptional package. The open floor plan with soaring ceilings is perfect for entertaining. A cozy gas fireplace with custom logs sets the tone for relaxation, while the gourmet kitchen impresses with granite countertops, built-in oven, gas cooktop, large island with breakfast bar, and eat-in dining area accented by a stunning stone wall. High-end custom cabinetry with soft-close features completes the chef’s dream. The study/office offers flexibility to serve as a sixth bedroom, complete with a walk-in closet. The primary suite, located on the main level, features a jetted garden tub, separate walk-in shower, custom copper sinks, and an oversized walk-in closet. A second downstairs bedroom with its own ensuite bath provides ideal guest accommodations. Upstairs you’ll find a large game or media room, perfect for movie nights or playtime. Hand-carved wood floors and travertine tile flow seamlessly throughout, highlighting the craftsmanship of this luxury build. Additional highlights include a large laundry room, three-car garage with epoxy floors, extra-wide driveway, wrought iron fencing, sprinkler system, gutters, and a Generac 22KW natural-gas generator. Major updates include a new roof (Aug 2024), fresh interior paint, and new carpet (2025). Enjoy outdoor living on the covered travertine-tiled patio while overlooking the beautifully manicured grounds. Nestled within the top-rated Academy ISD, this peaceful community features water elements, walking paths, and scenic creek views. ***For cleanliness, please use the provided shoe booties!***
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.
