Beautifully Updated Half-Duplex with Sunroom & Custom Upgrades! FHA qualifying assumable loan option at an unbeatable rate! This move-in-ready home offers comfort, style, and functionality with thoughtful updates completed in the last 5 years. Enjoy privacy with only a shared garage wall, and step inside to find luxury vinyl flooring, wood stairs, and ceiling fans in every bedroom. The kitchen has been completely remodeled with granite stone countertops, a farm-style sink, stainless appliances, custom cabinets, and a dry bar for extra prep and serving space. A striking custom fireplace and accent wall with TV mount anchor the living area, while double French doors lead to a 260 SF permitted sunroom addition—perfect for relaxing or entertaining. Upstairs, you'll find a remodeled bathroom with a new shower stall, a full-size upstairs laundry closet (washer & dryer included). Recent upgrades include a 2024 electric water heater, 2025 garage door, fiberglass front door, Nest thermostat, and 2-inch vinyl blinds throughout. The backyard features a patio, swingset, firepit, and storage shed—all included! The garage is ready for fun or function with built-in shelving, a bar-style entertainment area, and direct yard access. Garage includes a temperature-controlled garage dog room or storage space. Home is walking distance to schools, Wylie parks, and trail system. Only 10 minutes away from Lake Lavon & Plano Nature Preserve. This one checks all the boxes—schedule your showing today! Take advantage of an incredible opportunity! This home comes with an FHA assumable loan at an exceptionally low interest rate—a rare find in today’s market. Qualified buyers can potentially assume the current mortgage, saving thousands over the life of the loan. Don’t miss your chance to secure a beautiful home and a below-market rate. Contact the listing agent today to learn more about eligibility and how to take the next step!
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.
