This thoughtfully designed home spans approximately 2,950 sq. ft. and delivers exceptional space and versatility for today’s busy lifestyles. Located in the sought-after Chisholm Crossing community, you’ll enjoy quick access to local favorites like Freedom Trail Park, Chisholm Trail Park, Yukon Community Center, all within a short distance, with I-40 just minutes away for smooth commuting. The open-concept living area creates a natural flow between the kitchen, dining, and family spaces, perfect for gatherings or relaxing nights by the gas fireplace. Wood-look tile flooring adds warmth and durability, while the kitchen impresses with a center island, gas cooktop, vent hood, pantry, and ceiling-height cabinetry for ample storage. The main-level primary suite delivers a spa-like escape with a whirlpool tub, walk-in shower, dual vanities, and spacious walk-in closet. The main level also includes three secondary bedrooms, one with barn door access ideal as a flex space for a workout room, or hobby area plus a dedicated office/den for ultimate flexibility. Upstairs, a spacious bonus room plus two more bedrooms and a full bath offer flexible options for a second living area, media room, or guest quarters. Smart efficiency upgrades include a Rinnai tankless water heater, whole-home air purification system, fresh air ventilation, R-44 insulation, and a storm shelter for peace of mind. Other thoughtful touches include a mud bench/drop zone, full laundry room with upper cabinetry and folding space, and a 3-car garage. Set on a 0.20-acre lot, the backyard comes fully fenced and ready for entertainment, complete with a covered patio and a wood-burning outdoor fireplace. Enjoy community amenities like two playgrounds, a splash pad, and a fishing pond. Your next home is ready for you, explore the 3D walkthrough, video tour, and detailed floor plan today!
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.
