Stunning two story brick home located in the Stony Brook Estates subdivision! This home boasts three bedrooms & two and a half baths. The exterior has mature trees framing the home & charming traditional features. You are greeted by the attractive laminate flooring (Nov 2025) throughout the living areas. The formal dining with substantial crown molding & chair molding and access to the kitchen. The family room offers a beautiful brick fireplace, tons of natural lighting & views of the front & backyard. The kitchen features stainless steel appliances, granite countertops, impressive built-in cabinetry & breakfast room w/views of the backyard. All cabinets throughout home feature new door & drawer faces, soft close drawer slides & soft close hinges. A half bath finishes the first level. The second level primary suite has a walk-in shower, garden tub, two vanities & spacious walk-in closet. Two great sized secondary bedrooms & full bath. All bathrooms feature recently installed mirrors, tip out storage drawers to all sink areas, replaced vent fans (2025) & vanity lighting. Recent updates include: Roof (Feb 2020), AC with Halo air purification system (2019), Water Heater (September 2025), Windows (May 2021), can-less led lighting throughout, electrical outlets/switches/dimmers throughout, Spray foam insulation in attic, entire interior repainted including ceiling, walls, cabinets, doors, and trim work, All trim installed throughout home including baseboards, crown molding, and window trim. The backyard features a detached garage & expansive flagstone patio (June 2024). Exterior updates include: Painted exterior of home (2024), Painted Garage (2025), Rustoleum garage floor epoxy coating (2021), Garage wiring updated to 60 Amp circuit with Sub panel for future use, entry door hardware replaced (2020) with Kwikset smart key system. Corpus Christi ISD! Nearby restaurants & shopping!
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.
