Welcome to this exceptional residence in the highly sought-after Lake Country Estates, where timeless style, generous living spaces, and an unbeatable location come together to offer the perfect blend of luxury and everyday comfort. Featuring 5 spacious bedrooms and 3 beautifully appointed bathrooms, this thoughtfully designed home offers an ideal layout for both relaxed living and effortless entertaining. Filled with natural light and expansive gathering spaces, every room has been crafted with comfort and functionality in mind. Step outside to your own private backyard oasis, complete with a sparkling pool that's perfect for cooling off on warm Texas days, hosting family and friends, or simply unwinding in your own retreat. A standout feature is the oversized outdoor storage area, offering ample space for a boat, recreational vehicles, outdoor equipment, or additional storage—perfect for those who love spending time on the water. Ideally located just minutes from Eagle Mountain Lake, you'll enjoy easy access to boating, fishing, paddleboarding, and countless outdoor adventures while still being conveniently close to shopping, dining, and major highways. Residents also have the option to join the neighborhood's voluntary HOA, providing access to additional community benefits while maintaining the flexibility homeowners appreciate. Combining generous living spaces, exceptional outdoor amenities, and a location that embraces the best of the Lake Country Estates lifestyle, this is more than a home—it's a place to create lasting memories.
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.
