Welcome Home. This gorgeous 4-bedroom, 2.5-bath home with 2 Living areas, Office and Gameroom area is packed with features you will absolutely love. Sitting on a beautiful corner lot with stunning curb appeal, this property checks all the boxes. Step inside and you're greeted by a grand layout with vaulted ceilings, a formal living room, formal dining area, and a private office. The open floor plan and abundant natural light keeps everything flowing and feeling super spacious throughout. The island kitchen is a real showstopper with updated stainless steel appliances, including a double wall oven, dishwasher, and refrigerator, all WiFi ENABLED APPLIANCES you have the option of controlling remotely, to let you start dinner or manage chores before you get home. Plus, you'll have loads of counter space and storage to keep everything organized. The Breakfast Nook provides access to the back covered patio and is open to the Kitchen and Living Room. The Living Room, anchored by a gas fireplace, will easily accommodate all your furniture needs. The first floor Primary Bedroom suite is a true retreat featuring dual sinks, a separate shower, garden tub, and a huge 7 by 10 ft walk in closet. A separate Laundry Room, and convenient Half Bath round out the first floor. Heading upstairs, you'll find three large bedrooms, full bathroom and a fun gameroom loft area. Here's where it gets even better..THIS IS A FULLY UPDATED SMART HOME with smart light switches, dual-zone smart thermostats, smart smoke and CO2 detectors, smart locks, and a doorbell camera. Everything's already set up for you to manage quickly and easily. Outside, the large covered back patio and beautifully landscaped yard with mature trees are ideal for relaxing or entertaining. You're just a few minutes from Lake Arlington and tranquil community dock and park. Easy highway access for commuting. Abundant shopping and entertainment areas just minutes away. Schedule your showing today! You won't be disappointed.
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.
