Extraordinary luxury estate on over 16 private acres in sought-after Hood County offering resort-style outdoor living, a heated pool & unmatched privacy in quiet cul-de-sac setting.This fully remodeled custom home blends timeless elegance w modern comfort, featuring soaring ceilings, dramatic floor-to-ceiling windows, rich natural light & a stunning floor-to-ceiling stone fireplace that anchors the living area.Designed for both entertaining & everyday living, the chef’s kitchen boasts a gas cooktop, granite counters, oversized island, abundant custom cabinetry & seamless flow into the formal dining rm & living spaces.A spacious executive office provides the ideal work-from-home setup while the luxurious downstairs primary suite offers spa-inspired amenities & peaceful views overlooking the backyard oasis & pool. Upstairs four additional bedrooms provide ample space for family and guests.Step outside to experience true Texas luxury living with a fully refinished heated pool, expansive outdoor entertaining deck, outdoor kitchen & fenced backyard designed for year-round enjoyment.The oversized three-car garage includes a dedicated workshop area plus additional decked storage above for recreational equipment & outdoor gear.Hidden among the trees, a charming clubhouse with electricity & window-unit HVAC creates the perfect guest retreat, private office, creative studio or kid’s getaway. The acreage is equally impressive, featuring private ATV and horseback riding trails, a 300-yard shooting range, mature trees, abundant wildlife & exceptional seclusion rarely found this close to town.Located outside city limits for added flexibility while remaining conveniently close to shopping, dining, groceries & top amenities, this premier luxury ranch-style property delivers the perfect combination of upscale living, outdoor recreation & peaceful country privacy.A rare opportunity to own one of the area’s most unique luxury homes with acreage in Hood County.
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.
