Welcome to this beautifully maintained two-story home offering a spacious open-concept floor plan that connects the living, dining, and kitchen areas ideal for family gatherings and everyday living. The entry welcomes you past a versatile office or library with an attached ladder, perfect for a home workspace, reading room, or play area, before opening to the main living space. The private main-level owner's suite features a spacious bedroom and convenient access to the laundry room, all located on the first floor. Upstairs, you'll find four additional bedrooms, two full bathrooms, and a large game room loft, providing plenty of space for family, guests, or homework and play areas. Additional features include a backyard gazebo ideal for outdoor enjoyment, green house, a 15x20 attic storage platform, solar panels designed to support energy efficiency and a reverse osmosis system with an added sink spout are included. This home also offers smart home features, including a Ring doorbell camera, Rain Bird irrigation system, Honeywell smart thermostat, Schlage smart lock, and Genie garage door opener all app compatible. Upgraded light fixtures and ceiling fans are installed throughout the home. Located in the Navarro Ranch community, residents enjoy access to exceptional amenities, including two swimming pools (Olympic-style and resort-style with waterslides and lazy river), pool house with bathrooms, showers, and concession stand, playground, 24-hour secured fitness center, outdoor turf yard, grilling stations, fire pit, clubhouse, walking trails, mini outdoor amphitheater, and a community lifestyle director offering monthly events, food trucks, and annual celebrations. Move-in ready and thoughtfully upgraded. Schedule your private showing today and discover the comfort and community of Navarro Ranch living.
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.
