Tucked away on a spacious acre in the award-winning Argyle ISD, this inviting home offers the rare combination of charm, privacy, and versatility. This unique property is perfectly situated on a corner lot with mature trees and NO CITY TAXES resulting in extremely low property taxes at 1.47%. With a workshop, greenhouse, and 8x12 storage building, it’s ideal for anyone needing space for hobbies, gardening, or extra storage. The home offers a warm, inviting feel with a layout that’s both practical and well-designed. The primary suite is located downstairs and features fresh paint, a fully redesigned walk-in closet, and an updated ensuite bath. The upstairs features two bright and inviting guest bedrooms with cozy layouts and functional storage. A media room sits just off one of the upstairs bedrooms, offering the perfect space for a home theater, playroom, or a quiet office retreat. This home features oversized glass windows that create a bright, open ambiance and offer seamless visual access to the lush surroundings. The open-concept design makes entertaining and everyday living both functional and enjoyable. The kitchen is a focal point that opens to the living and dining areas, featuring an eat-in breakfast space, natural stone countertops throughout, a double oven, and plenty of cabinet storage. Decorative lighting accents the main living spaces and adds a stylish, custom touch. A large utility room adds major value, serving as a laundry room, mudroom, and extra storage all in one. Outdoors, enjoy a secluded patio, a peaceful side yard, and an expansive cleared green-space surrounded by trees, offering both beauty and privacy. With charm, character, and thoughtful updates, this property offers rare flexibility in one of the area’s most desirable school districts. Bring your vision and this home has the space and layout to adapt to whatever you need. Schedule your private showing today and discover all the potential this Argyle gem has to offer.
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.
