This home is tucked inside the prestigious Cordillera Ranch - one of the most sought-after gated and guarded communities in the area! This incredible 5-bedroom, 4-bathroom home sits on 2.24 acres of wide-open space, giving you all the room you need to live and relax. Step inside and you're immediately greeted by a gorgeous formal dining room perfect for holiday gatherings and dinner parties, plus a dedicated home office so you can work from home in style. The kitchen is sure to impress any home chef, featuring sleek solid surface countertops and gas cooking - because great meals deserve a great space to make them! The main level also features a stunning primary suite - your own private retreat at the end of a long day - along with a second bedroom downstairs that can be closed off, ideal for guests or a multi-generational living setup. Head upstairs and find a spacious game room or media room - the ultimate hangout space for entertaining or unwinding. Three more bedrooms round out the upper level, including one with its own private en suite. Both upstairs bathrooms have been recently remodeled, so everything feels fresh, modern, and move-in ready. Outside, a sparkling pool and over two acres of yard make for unforgettable gatherings, weekend entertaining, or simply soaking up the sunshine in total privacy. Your oversized 3-car garage has plenty of room for vehicles, hobbies, and storage. Here's something that really sets this home apart - it's one of a few properties in Cordillera Ranch connected to city water and sewer, so no well or septic. Just the simplicity and reliability of municipal utilities, which is a rare and valuable feature in this community. Living in Cordillera Ranch means more than just a beautiful home - it's a lifestyle. With a guarded entrance and an incredible community surrounding you, you'll enjoy privacy, security, and a true sense of belonging from day one. This one truly checks every box - come experience Cordillera Ranch for yourself!
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.
