Custom David Weekley home on a 1.11 acre corner lot in the gated Rockwall Ranch community of New Braunfels. Built in 2012, this single story home offers 3,504 square feet with 4 bedrooms, 3 full bathrooms, 1 half bath, a private study, formal dining room, breakfast area, sitting room, and an open concept layout designed for everyday living and entertaining. The covered front porch leads to an impressive entry with wood flooring, crown molding, and high ceilings. The spacious family room features a floor to ceiling limestone fireplace, built in entertainment center, and a wall of windows overlooking the private backyard and mature trees. The kitchen includes granite countertops, a large center island with seating, custom cabinetry, stainless steel appliances, a built in wall oven, built in microwave, gas cooktop, walk in pantry, and abundant workspace. The adjoining breakfast area flows seamlessly into the sun room, where expansive windows provide natural light and peaceful views of the mature trees. French doors open to a private study that is ideal for a home office, library, or flex space. The oversized primary suite features a tray ceiling, generous sitting area, dual vanities, a garden tub, an oversized walk through shower, and a spacious walk in closet. Secondary bedrooms are thoughtfully positioned for privacy. Outdoor living includes an expansive covered patio with ceiling fans, a built in outdoor kitchen complete with a grill, and a fully fenced backyard backing to a heavily wooded area. Additional features include a three car side entry garage, sprinkler system, mature landscaping, wood flooring throughout the main living areas, tile in the wet areas, and abundant storage throughout. Rockwall Ranch amenities include a clubhouse, swimming pool, tennis courts, basketball court, sports court, playground, park, jogging trails, and bike trails. Conveniently located near FM 1863, FM 3009, SH 46, I 35, Garden Ridge, Gruene, Creekside, HEB Plus, shopping, restaurants, Resolute Health Hospital, CHRISTUS Santa Rosa Hospital New Braunfels, and approximately 25 miles from Joint Base San Antonio Randolph. Interactive floor plan and 3D virtual tour available.
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.
