Welcome to this beautifully updated 5-bedroom, 3.5-bath home in the highly desirable Towne Lake Hills East community. Tucked just off a quiet cul-de-sac, this property offers the perfect blend of privacy, comfort, and access to the neighborhood's exceptional golf, swim, and tennis amenities. Freshly painted throughout the interior of the home, this move-in ready residence provides a bright and inviting atmosphere from the moment you step inside. From the moment you arrive, the classic all-brick front exterior creates a timeless first impression. Inside, a bright and inviting floor plan unfolds across three finished levels, offering both spacious living and versatile areas for entertaining and everyday life. The main level features a dramatic vaulted family room filled with natural light that flows effortlessly into the living and dining spaces. The updated gourmet kitchen is a standout, showcasing beautiful quartzite countertops, stainless steel appliances, and generous workspace, perfect for both casual meals and hosting gatherings. Upstairs, the owner's suite serves as a true retreat, complete with a spacious sitting area and an abundance of natural light. The beautifully renovated ensuite bathroom includes a granite double vanity, soaking tub, and large walk-in shower. Four of the home's bedrooms are located on this level, along with the conveniently placed laundry room to make daily routines simple and efficient. The fully finished basement expands the home's living space, providing a large, comfortable area ideal for movie nights, game days, or creating a private entertainment zone. An additional bedroom and full bathroom make this level perfect for guests, a teen suite, or multi-generational living. Step outside to enjoy a large deck overlooking the fenced backyard, offering plenty of space for outdoor dining, relaxing, or entertaining while enjoying the privacy of the backyard setting. Located in one of Towne Lake's most sought-after communities, this home offers space, style, and access to incredible neighborhood amenities. Come experience everything this exceptional home has to 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.
