Bring your horses and settle into a property designed for both country freedom and entertaining. With horses allowed (3 per restrictions), this manageable slice of Texas offers the perfect balance of space, function, and comfort. The fully fenced yard and separate pastures features a healthy mix of native grasses and is thoughtfully set up with 3-rail wood fencing, an interior electric line for added security, and two gated entry points—making it ideal for keeping your horses safe while giving them room to roam. The barn is built with convenience in mind, offering two run-out stalls with direct access, a central feed storage area, and a separate rear entrance for easy loading and organization. On the end of the barn, you’ll find a spacious storage area for tack, tools, and equipment, along with a nearby hitching post—perfect for daily routines or teaching the kids hands-on horsemanship. After a day spent outdoors, gather those close to you around the massive fire pit to relax under the Texas sky—ideal for making memories year-round. Inside, the brick-veneer home is both stylish and practical, featuring recently installed “Provident” luxury vinyl plank flooring throughout the main living areas, hallways, and bedrooms. The front bedroom, complete with French doors, offers flexibility as a home office, playroom, or guest space. A high-efficiency 19 SEER, 4-ton heat pump HVAC system (installed in 2018) keeps the home comfortable in every season. New water heater 2025; Barn roof shingles replaced in April 2026. Horse/other trailer parking on property up on shoulder of the street. This is more than just a property—it’s a place where you, your horses, and your lifestyle can truly thrive. Schedule your private showing 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.
