$51 average monthly electric bill. Assumable $1,609 total monthly payment. 105 Lidell Street is one of the smartest financial buys in Hutto Square, a quiet, established pocket just 22 miles from Austin and minutes from SH-130, with quick access to Round Rock, Georgetown, Samsung Taylor, and Tesla Giga. Over $100K in thoughtful upgrades, 27 owned Hanwha Q CELLS solar panels (25-year warranty), a 2023 roof, and an assumable FHA loan at 3.25% make this 4BD/2BA home a genuinely rare find. Inside, wide-plank laminate floors flow through every room, no carpet anywhere. The living room is anchored by a custom shiplap electric fireplace wall and lit by 12 dimmable recessed lights. The open kitchen features granite counters, stainless appliances, a large island with sink, Edison pendant lighting, and a sleek black barn door leading to a built-out laundry room with pantry shelving. Both bathrooms have been fully renovated with new vanities, quartz counters, and matte black fixtures. The primary suite features a walk-in closet, dual-vanity bath, and ceiling fan. The 2-car garage isn't just a garage. Epoxy floors, mini-split AC, hex LED lighting, and built-in storage make it ready to become a home gym, podcast studio, or workshop on day one. Backyard backs to the greenbelt, no rear neighbors. Covered patio with string lights, turf soccer pitch, swing set, and a 12x8 wood shed. Zoned to award-winning Hutto ISD. Walk to Cottonwood Creek Elementary and Hutto Community Park. Assumable FHA financing at 3.25%, qualified buyers may assume the existing loan with a total monthly payment of approximately $1,609 (PITI + HOA). Estimated cash to assume: ~$165K. Compare to a new conventional loan on this home at today's rates: ~$2,650/month. Estimated savings: $1,000/month. Assumable terms accurate as of 06/01/26 and subject to change. Assumption subject to lender qualification and approval. Estimated payments for illustration only.
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.
