Welcome to 122 Copperwood Loop, a timeless red brick single-story home in the heart of the Chandler Creek neighborhood. Shaded by a canopy of mature trees, you’re greeted with an established, welcoming presence. It’s more than just a house; it’s an entry into a community celebrated for its tree-lined streets and friendly atmosphere. Inside, the layout is thoughtfully designed with both functionality and flow in mind. A versatile flex room sits off the entry, offering a quiet, dedicated space for a home office, formal living/formal dining area, or a cozy library. Moving into the heart of the home, the open-concept kitchen flows directly into the living space, creating a natural hub for hosting friends or staying connected while preparing meals. The floor plan was intentionally designed for privacy, featuring a desirable layout where the primary is placed in its own wing, well-removed from the secondary bedrooms. This suite features a generous walk-in closet and high ceilings that add an airy sense of scale. French doors lead into the ensuite bathroom, which is well-appointed with a dual vanity, a soaking tub, and a separate walk-in shower. Outside, the covered patio provides a comfortable, shaded spot to enjoy the outdoors while staying cool in the Texas heat. Life in Chandler Creek is centered around a vibrant spirit of connection. Residents frequently gather at Chandler Creek Park to enjoy the pool, sports courts, and playground. This home is also zoned to the highly-regarded Round Rock ISD, specifically Double File Trail Elementary, Hernandez Middle School, and Stony Point High School, all within minutes away. Beyond the neighborhood, you are 5 minutes from the expansive Old Settlers Park and Dell Diamond, as well as convenient shopping at HEB. The location also offers a straightforward commute to major tech employers including Dell, Samsung, and Apple. This is a home where everyday comfort meets deep-rooted community and unsurpassed convenience. Welcome home
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.
