Located in the highly sought after Reserve at Colleyville, this stunning single-story 4500 sqft, 5 bedroom Mediterranean-style home combines timeless elegance with exceptional functionality. Featuring a durable concrete tile roof, upgraded front door, extended driveway, and beautiful interior, this home is designed for both luxury and comfort. A private guest quarter - mother-in-law suite - offers a separate exterior entrance, ensuite bath, dedicated HVAC system with thermostat, and security system with its own keypad—ideal for multigenerational living or long-term guests. The home boasts plantation shutters and updated wood flooring throughout the living areas, hallways, and office to create a warm and inviting atmosphere. The oversized office with French doors provides a versatile work-from-home or flex space. The formal dining room connects to the gourmet kitchen through a convenient butler’s pantry, and the chef’s kitchen features premium KitchenAid stainless steel appliances, including a built-in 48-inch refrigerator, gas range, double ovens, granite countertops, walk-in pantry, and an expansive island with breakfast bar seating. The kitchen and breakfast area open seamlessly to the spacious living room with a gas fireplace and surround sound system. The luxurious primary suite offers dual California-style walk-in closets, separate vanities, a large walk-in shower, and a relaxing garden tub. Completing the home is a huge laundry room with sink, a half bath and 4 secondary bedrooms all with ensuite baths. The backyard offers plenty of room for your dream pool and space for kids and pets to play. Upgrades to the home include enhanced lighting and electrical systems, security cameras, glass-break sensors on all windows with central monitoring, built-in pest control, and Tesla wiring for an EV charger. Located in desirable Keller ISD with the option to participate in the GCISD lottery program. Call for your private showing today!
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.
