Stunning custom Carothers home featuring 4 bedrooms, 3.5 baths, and a private office, designed with both luxury and functionality in mind. A side-entry three-car garage offers abundant storage and enhanced curb appeal. Step inside to a breathtaking grand foyer that immediately introduces the home’s refined character. A dramatic gallery hallway illuminated by cascading drop-down chandeliers guides you into the heart of the home, creating a stunning architectural statement before opening into the expansive living room. The space is anchored by soaring tray ceilings, modern track lighting, and convenient floor electrical outlets, thoughtfully placed for flexible furniture design and seamless living. The chef-inspired kitchen is both beautiful and innovative. It features a sleek glass backsplash, three ovens, a built-in microwave, and a pot filler above the cooktop for culinary convenience. Adding a modern lifestyle touch, a built-in GE Smart Hub above the stove allows you to follow recipes, stream content, or film your favorite dishes for social media while cooking. The owner’s suite serves as a serene retreat, filled with natural light and sophisticated finishes. The spa-inspired bathroom offers separate vanities, exceptional lighting, and an extended walk-in spa shower with dual shower heads, delivering a luxurious daily experience. Designed with both comfort and practicality in mind, the home includes a Jack-and-Jill bathroom with pocket doors, creating privacy and efficiency between secondary bedrooms. Energy efficiency meets forward-thinking design with installed solar panels, helping reduce energy costs while supporting sustainable living. Step outside and discover an inviting backyard retreat complete with a mini outdoor kitchen, perfect for entertaining, weekend cookouts, and enjoying Texas evenings. This home blends modern smart-home features, custom craftsmanship, and elevated design for a truly exceptional living experience.
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.
