Better than new and barely lived in, this spacious 4-bedroom, 3-bath home with a private office and large game room offers nearly 3,000 square feet of thoughtfully designed living space in the growing community of Anna. With its open layout, modern finishes, and flexible floor plan, this home is designed for the way people live today. The heart of the home is the open-concept kitchen and living area, creating the perfect space for everyday living and entertaining. The kitchen features a massive quartz island with seating, stainless steel appliances, double ovens, a gas cooktop vented to the exterior, and a large walk-in pantry, providing both style and functionality for cooking, gathering, and hosting. The open flow keeps everyone connected whether preparing meals, relaxing in the living room, or enjoying time with family and friends. A dedicated home office provides the ideal work-from-home space or quiet study area. Upstairs, the large game room offers incredible flexibility and can easily serve as a media room, playroom, or additional living space. The upstairs also includes a private bedroom and full bathroom, creating a perfect guest suite, teen retreat, or extended-stay visitor space. Thoughtful upgrades throughout the home include a tankless water heater, whole-home water softener, EV charging outlet in the garage, and built-in cubbies and hooks at the garage entry that create an organized mudroom-style drop zone for backpacks, shoes, and daily essentials. Located in the rapidly growing city of Anna, this home is within walking distance to the neighborhood elementary school and community pool and offers easy access to nearby highways for convenient commuting to McKinney, Frisco, and surrounding areas. With nearly 3,000 square feet, modern upgrades, and a flexible layout, this move-in ready home offers the space, comfort, and convenience today’s buyers are searching for.
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.
