You’ll love the friendly energy in Turners Crossing, where it’s common to see neighbors out for a stroll or heading down to the community pool and playground just a block away. This Turners Crossing single-family home features 4 bedrooms and 2.5 bathrooms. Being a two-story home, it manages to give everyone their own space while keeping the main living areas open and connected. One of the first things you’ll notice is the vinyl plank flooring that runs through the entire house; no carpet to worry about here, which makes cleaning a breeze. Right off the front entry, there is a dedicated office or flex space. It’s tucked away perfectly for a quiet workspace or a home library that stays separate from the main hustle and bustle. The kitchen opens right into the living room, so you can easily chat with friends while getting dinner ready. The primary suite is also downstairs, giving you a private retreat with dual vanities, a large walk-in shower, and a closet with plenty of room for everything. Heading upstairs, the layout stays just as practical. There is a second living area that’s a natural fit for a media room or just a spot to hang out. The other three bedrooms are all on this level, and they are all a good size with ample closet space and ceiling fans. Outside, the backyard has a covered patio that’s ready for a grill and some chairs, plus a lawn that’s easy to keep up with but still big enough for entertaining. The location in Turners Crossing is a huge win if you need to get around the Austin area. You’re less than a mile from both SH-45 and I-35, offering a quick commute to the airport. You’ve also got all the shopping and dining at Southpark Meadows just a few minutes down the road. It’s that rare balance of a quiet neighborhood feel with the kind of highway access that makes a daily commute much easier to manage.
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.
