Some houses in Mansfield ISD look good on paper. This one on Kettle Creek makes sense the moment you walk in. Built in 2020 and tucked inside a gated community zoned to Mansfield Legacy High School, this 4 bed, 2.5 bath home delivers 2,544 square feet that actually lives well and not just photographs well. The main level is open without feeling like an echo chamber: the kitchen, dining, and living areas connect naturally, anchored by large windows that pull in light all day and a layout that works whether it's a Tuesday night dinner or a Saturday with a house full of people. The primary suite is genuinely private. Dual sinks, a garden tub, and a separate shower with a built in bench that makes the room feel more spa than suburban. Upstairs, a spacious game room gives you a blank canvas: media room, playroom, second living space, dedicated homework zone, this space will grow with your family. The secondary bedrooms are sized for real use, not just furniture. The HomePro smart home system adds a layer of remote control and peace of mind that newer buyers expect and this one comes ready. Step outside and the community does something most neighborhoods don't: a pond, a pavilion, and fireplace that make the front door feel like a destination, not just a return. Minutes to US-287 and SH-360, with easy access to both Fort Worth and Arlington. Priced at $440,000, this is a 2020 build with gated security, smart tech, and one of Tarrant County's most sought after school districts. Everything is already done. You just move in.
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.
