MIDCENTURY MODERN DREAM HOME with BASEMENT, ORIGINAL DETAILS & over 3,850 SQ FT in the heart of West Sherman! MCM lovers — this is the opportunity you've been waiting for. Step into a rare piece of architectural history designed by UT-trained architect Donald Mayes who studied and trained under the LEGENDARY architect Frank Lloyd Wright. This one-of-a-kind midcentury modern home offers over 3,850 square feet of character, creativity, and incredible potential — all in one of Sherman’s most established and desirable neighborhoods. Priced with updates in mind, this is a rare opportunity to own a significant architectural home with room to restore, personalize, and create lasting value. Built in 1952 and filled with original details, this 4-bedroom, 3 bath home is a true architectural gem for buyers who appreciate vintage design, unique spaces, and homes with a story to tell. Original hardwood floors, Saltillo tile, vintage shutters, custom built-ins, secret passages (two of them!), and thoughtful MCM elements create a home unlike anything else on the market. Authentic architectural details and original craftsmanship rarely preserved today give this home a timeless feel and make it an exceptional canvas for restoration-minded buyers and MCM enthusiasts alike. The spacious primary suite features an ensuite bath, separate mirrored dressing area, and two large walk-in closets. Downstairs, the finished basement adds incredible flexibility with its own private entrance, separate bedroom, full bath, and kitchenette — ideal for multigenerational living, guest quarters, studio space, home office, or possible rental opportunities. Located in desirable West Sherman near Highway 75, this home combines architectural significance, hard-to-find square footage, and exceptional potential at a VERY attractive price point. This is a rare opportunity to restore and preserve a truly special piece of Texas architectural history. Come see the possibilities for yourself!
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.
