Welcome to your own slice of open country living in the highly sought-after Mustang Creek Subdivision! This stunning one-owner home sits on a huge lot that delivers the kind of space and freedom most homeowners only dream about. With four spacious bedrooms and three and a half bathrooms, there is room for everyone to spread out and breathe easy. Step inside and you will immediately notice the open floor plan and tall ceilings that create an airy, light-filled atmosphere throughout the home. The layout flows effortlessly from room to room, making it ideal for both everyday living and entertaining guests who never want to leave — and honestly, who could blame them? The primary bedroom offers a true retreat, while three additional bedrooms provide plenty of flexibility for family, guests, or a home office. Every corner of this home reflects the pride of single ownership and thoughtful care. Outside is where things get really exciting. The property features an awesome detached bricked workshop that is perfect for hobbyists, craftsmen, or anyone who needs serious workspace. A water well adds both practicality and value, complementing the expansive lot beautifully. The rural feel is undeniable, yet you are only about five minutes from Chisholm Trail, keeping shopping, dining, and entertainment wonderfully close. This is a rare opportunity to own a property that perfectly balances peaceful country charm with everyday convenience in one of Benbrook's finest communities. Schedule your private showing today before this gem finds its forever family!
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.
