Set on a desirable corner lot, this inviting residence offers both charm and functionality in one of South Austin’s most beloved communities. Thoughtfully cared for and full of natural light, you'll enjoy an open and comfortable layout centered by a fireplace, custom wet bar perfect for entertaining, and a well-equipped kitchen with double ovens—ideal for holiday gatherings and everyday living. Step outside to a lovely landscaped backyard designed for relaxation and connection. Enjoy evenings on the covered patio while basking in the peaceful surroundings and a recent fence. Pet owners will appreciate the dedicated dog run with convenient access directly from the primary bedroom’s private covered patio area—an easy, thoughtful touch that makes daily routines effortless. Modern upgrades include energy-efficient windows installed in 2017, enhancing comfort and efficiency throughout the home. For those who work from home, the executive paneled office is a standout feature—professionally designed and wired with Cat 6 for fast, reliable connectivity. Living in Onion Creek is about more than just a home—it’s a lifestyle. Known for its 24-hour security and welcoming atmosphere, this golf-cart-friendly neighborhood offers a true sense of community. Deer wander through the lawns, birds fill the air with song, and neighbors greet each other along tree-lined streets. The nearby private Onion Creek Club is a genuine Texas treasure, offering world-class amenities in a serene, resort-like setting. Holidays here are something special—Halloween festivities, twinkling winter lights, and year-round opportunities to connect with friends and neighbors. Just 12 miles from downtown Austin, you’ll enjoy the perfect balance of peaceful living with easy access to the heart of the city. With ample guest parking, gracious indoor and outdoor spaces, and an unbeatable location, 10400 La Costa Drive is a place where memories are made. Partial assumable FHA loan at 2.85% interest rate.
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.
