13950 Far Hills Ln Dallas, TX 75240
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About this home
This is a great opportunity to purchase in sought-after Richardson ISD! The owner just completed the following updates in August 2025: fresh paint in the entry, hallway, living & dining, 1 of the guest bedrooms & both baths; new carpet in both guest bedrooms & the office. New bamboo flooring in the kitchen & laundry room. You will love sitting on the covered patio that runs over 30 feet across the front of the house! Wonderful formal entry leads straight ahead to to the large den with gas start WBFP, vaulted ceilings and a nice wall of built-ins overlooking the back yard! Adjoining the entry hall are double doors opening to a large office ideal for use as a split guest bedroom(bedroom #4). The kitchen and adjoining laundry room have new bamboo flooring! Back to the entry area, the hallway leads to the bedroom wing and a guest bath with updated floor tile. Continuing to the back of the house is a spacious primary bedroom and an updated ensuite bath with replaced tile & fixtures. The carpet has just been replaced in both guest bedrooms and office, which could be used as the 4th bedroom or even formal living as it’s off the front foyer and split from the other bedrooms! Other notable updates include double pane, double hung thermal windows throughout, roof (2022), new electric panel (2025), updates to the primary bath (2025), water heater (2021) and partial sewer line replacement (2019).
Source: NTREIS #21084809
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FAQs
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.
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