GET $3,000 TO BUY DOWN YOUR INTEREST RATE! Recent updates & Great Location! This updated 3-bed, 2-bath home combines updates, flexible living areas, and an unbeatable location. 2023 HVAC, 2025 ROOF. 2026 REPLACED toilets, dishwasher, luxury vinyl plank flooring, carpet, interior paint, & duct cleaning creating a move-in-ready space you'll love coming home to. The open floorplan features a spacious living room with vaulted ceilings, a cozy wood-burning fireplace, built-in cabinetry, and plenty of room for gathering with family and friends. The kitchen is designed for both everyday living and entertaining with granite countertops, abundant cabinet space, a breakfast bar, pantry, and easy flow into the dining area and living room. A Flex Space with French doors makes the perfect home office-study with built-in cabinetry providing the perfect space for working from home. The Flex Space can also be used as a hobby room, media room, game room, kids play room, or even a 4th bedroom. The private primary suite offers an ensuite bath, walk-in closet, and generous storage, while two additional bedrooms provide flexibility for family, guests, or 2nd study. Step outside to enjoy the 8x21 patio, large fenced backyard, storage shed, and raised garden beds. The extended driveway has enough space for guest parking or RV-Boat parking. Location is where this property truly shines. Conveniently situated near I-20 and George Bush Turnpike, commuting anywhere in DFW is quick and convenient. Enjoy being just minutes from shopping, dining, and entertainment destinations including Epic Waters, Topgolf, Andretti Indoor Karting & Games, Chicken N Pickle, and the area's ongoing retail and commercial redevelopment that continues to bring exciting new amenities to Grand Prairie. Minutes to Joe Pool Lake and Hwy360. Whether you're looking for your first home, your next home, or an investment opportunity, this property has the space, updates, and location you've been looking for. Welcome Home!
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.
