Welcome to 1140 Desert Gold - where country charm meets modern flexibility on a property designed for the way people actually live today. Priced at $749,900, this unique retreat offers space to spread out, work from home, entertain, and enjoy peaceful Texas living without sacrificing convenience - all while being zoned to highly sought-after Boerne ISD schools. The main home features a warm and inviting layout with generous living spaces, abundant natural light, and room for both everyday comfort and hosting guests. The kitchen opens seamlessly to the living and dining areas, creating a functional flow for gatherings large or small. Outside is where this property truly shines. In addition to the main residence, you'll find a detached flex space currently set up as a home office - ideal for remote work, a studio, gym, guest quarters, or hobby space. The barn adds even more versatility for storage, animals, projects, or recreational use. The property is already equipped with full fencing, two gated access points, and posts for cross-fencing, giving buyers a head start on creating functional livestock areas with just the finishing touches needed. Whether you're planning for horses, chickens, or other animals (no goats!), the groundwork is already in place. Enjoy wide open skies, mature surroundings, and the kind of privacy that's hard to find while still being within reach of city conveniences. Whether you're looking for a homestead feel, multi-functional property, or simply more room to breathe, 1140 Desert Gold delivers. Bonus features include the refrigerator plus washer and dryer conveying with an acceptable offer, making this home even more move-in ready. Chickens can also convey if buyer would like to continue enjoying the farm-fresh lifestyle.
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.
