Step into a lifestyle of modern ease and refined comfort at this stunning DR Horton 2024 built residence, tucked away behind the private and gated community of The Overlook in Lake Worth Texas. From the moment you arrive, the pristine curb appeal of this like-new home signals a fresh start. With over 1600 square feet, the interior unfolds into a seamless open-concept design flows seamlessly across contemporary finishes, creating an inviting atmosphere that feels both sophisticated and warm. The heart of the home is a chef-inspired kitchen that flows effortlessly into the living spaces, making it an ideal stage for hosting Friday night dinners or enjoying quiet morning coffees. With three spacious bedrooms and two modern bathrooms, the layout is thoughtfully curated to provide privacy and functionality for young professionals needing a home office or families looking for room to grow. Because it was completed just two years ago, every corner of this property boasts energy-efficient features and higher end materials like granite counter tops and a tankless water heater, offering the ultimate turnkey experience where the only thing left to do is unpack. Beyond the secure gates of the community, the location is truly unbeatable. You are perfectly positioned in a central hub of Fort Worth, where a short drive brings you to the tranquil waters of Lake Worth and Eagle Mountain Lake for weekend adventures or the quick-access ramps of I-820 for a stress-free commute. Whether you are running errands at nearby grocery like Target or Walmart or exploring the vibrant local restaurant scene, everything you need is right at your fingertips. For the savvy investor, this property represents a rare hands-off opportunity in a high-demand pocket of North Texas, promising long-term value and low maintenance. This isn't just a house; it’s a modern sanctuary designed for the way you live today. New leather couch and entertainment center can stay with an acceptable offer.
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.
