There’s a quiet rhythm to life in Searight Village, mornings on the trail, afternoons at the dog park, evenings spent wandering down to South Manchaca for dinner with friends. This thoughtfully refreshed 4-bedroom home settles into that rhythm effortlessly, offering the kind of easy South Austin lifestyle that feels connected, comfortable, and refreshingly low-maintenance. Inside, 2,267 square feet unfold with an ease that feels both spacious and grounded. The main living areas are designed for everyday connection, whether you’re hosting friends, gathering around the table, or enjoying a slower night in. Upstairs, a flexible second living area gives the home room to adapt, perfect as a reading nook, creative studio, play space, media room, or a place for guests and kids to land. Recent updates bring a fresh, current feel throughout, including fresh interior paint, new carpet, updated lighting, and refreshed backyard landscaping. Major improvements add even more peace of mind, with the HVAC replaced in 2024, fence replaced in 2024, dishwasher replaced in 2025, and a new gas range installed in 2026. The HOA-tended front and back yards mean your weekends belong to you, while the backyard offers a private space to relax, dine outside, or entertain without taking on constant maintenance. When it is time to host, the home makes it easy. Searight Village offers ample guest parking, making gatherings, dinner parties, and casual get-togethers feel effortless from the moment people arrive. Step out and Mary Moore Searight Metropolitan Park’s wooded trails, creekside paths, disc golf, and dog park are just past your doorstep. South Manchaca’s neighborhood favorites are minutes away, Southpark Meadows is around the corner, and downtown Austin is a short drive north. A home that gives you room to breathe, updates that make life easier, and a neighborhood that invites you to slow down without disconnecting from the city.
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.
