STOP SCROLLING!! Come check out 8908 Luciano ridge a stunning 4-bedroom, 3-bathroom home spanning 2,377 sq ft, nestled in the highly sought-after Navarro ISD. WANT LOWER INTEREST RATES?? Featuring a 4.625 percent assumable interest rate (with qualifying) available-lower than current builder rate-this house is ready to become your next home! It checks all the boxes: OPEN CONCEPT floorplam with A seamless flow between the living, dining, and kitchen areas creates the perfect space for entertaining and everyday life. ONE STORY LIVING with a seamless layout all bedrooms and office are on the same level with NO STEPS, creating ease in your every day life in this flexible home. This home comes equipped with modern SMART HOME Features: security doorbell, smart thermostat, smart lock, irrigation system, and garage opener-all controllable from your phone! UPGRADED light fixtures and ceiling fans AND its Move-in ready with 10 year builder structural warranties in place READY TO GET OUT AND HAVE SOME FUN? Being a member of Navarro Ranch includes EXCLUSIVE access to: * Two Pools: An olympic style pool featuring kick off boards & bleachers for feature events & an oversized resort style pool with 2 waterslides, a mini lazy river, island, shallow zone and wadding area. -a pool house with bathrooms, showers and a concession stand! * Playground * 24-Hour Secured access Fitness Center with equipment and an outdoor turf yard * Grilling stations * Fire pit * Mini outdoor amphitheater * Clubhouse * Walking trail * Navarro Ranch exclusive lifestyle director offering MULTIPLE events a month, Friday night food trucks, yearly parties and more!! Don't miss this exceptional opportunity to own a move-in-ready home with modern amenities and community perks upgraded beyond the builder, featuring active warranties and charm! Schedule your showing today and experience the best of Navarro Ranch living when we make this house your home! Have an incredible day(: Schedule your showing today and come experience Navarro Ranch living for yourself! Let us make buying a home your next celebration!
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.
