** ASSUMABLE VA LOAN AT 1.75%** Nestled within one of the area's most desirable communities, this exceptional 3,676-sqft single-story estate offers a rare blend of luxury, privacy & timeless craftsmanship. With 4 bedrooms, 3.5 baths, a dedicated office, and beautifully designed living spaces, this home was created for those who appreciate both elegance & everyday comfort. From the moment you arrive, the home's stately presence & inviting curb appeal set the stage for what awaits inside. Rich pecan wood floors flow throughout the main living areas, adding warmth, character & sophistication. The thoughtfully designed floor plan provides the perfect balance of open-concept living and private retreats, making it equally suited for entertaining guests or enjoying quiet evenings at home. The spacious living areas seamlessly connect to the outdoor oasis, where a sparkling pool and covered outdoor living area create the ultimate backyard retreat. Whether hosting summer gatherings, watching the big game outdoors, or simply relaxing by the water, this space was designed to be enjoyed year-round. Adding both elegance and functionality is the porte-cochère with an electronic gate leading to a private motor court and 3-car garage configuration, featuring a separate 1-car garage alongside the 2-car garage. The gated entry provides additional privacy while creating a grand arrival experience for homeowners and guests alike. Beyond the home itself, the lifestyle is equally impressive. Located near Eagle Mountain Lake, you'll enjoy convenient access to boating, fishing, and a variety of water sports. As a member of the LCPOA, residents have access to a private boat launch, lake access, parks, tennis courts, and community amenities that encourage an active and vibrant lifestyle. Combining luxurious finishes, a highly functional floor plan, exceptional outdoor living, this remarkable property offers more than just a beautiful home—it offers a lifestyle that few properties can match.
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.
