Are you looking for a layout that gives you options? Downstairs has two bedrooms and 2.5 baths, which is perfect if you want your primary suite tucked away but still have flexibility for guests or multigenerational living. The main living areas flow together in a way that just makes daily life easier, whether you’re hosting or just trying to keep everyone connected without being on top of each other. And you still get a separate dining room and a dedicated office, so nothing feels compromised. Upstairs is where it gets fun: two more bedrooms, a full bath, a Texas-sized game room, and a theater room that’s honestly the kind of feature people don’t realize they want until they have it. Sitting on a corner lot, the backyard is low maintenance. In a highly sought after neighborhood has a reputation for a reason. We’re talking miles of walking trails, stocked ponds, multiple pools, a clubhouse, playgrounds, plus volleyball and soccer fields, it’s the kind of place where weekends plan themselves. And it’s zoned to Mansfield Independent School District. The location makes it a breeze to access multiple major highways to get to Dallas and Fort Worth for a night on the town or stay close and enjoy local hot spots in Mansfield, Grand Prairie’s Epic Entertainment or the Arlington Sports and Entertainment District. STANDOUT FEATURES: Back patio plumbed with main AC and heat, new roof in 2018, all bathrooms have an electrical outlet by toilet for smart toilets, 2022 foundation repair, central vacuum system with one kick plate in the kitchen and another one in the master bathroom and outlets for every other area, plug and charger installed for an electric vehicle in the garage.
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.
