Nestled in Bastrop’s highly sought-after community of The Colony, this beautifully maintained one-story home offers the perfect blend of privacy, comfort, and convenience—just a short drive from Austin, yet surrounded by nature and upscale amenities. Set on a generous lot backing to a lush greenbelt, the home enjoys rare privacy and serene wooded views. Inviting curb appeal welcomes you with crisp landscaping and a covered entry. Inside, abundant natural light highlights recently installed flooring, high ceilings, and an open, thoughtfully designed layout ideal for both everyday living and entertaining. The kitchen is a true centerpiece, featuring recently installed countertops, double ovens, a gas cooktop, and an oversized island that anchors the open-concept living and dining areas—perfect for casual gatherings or holiday hosting. The primary suite is tucked away at the back of the home for added privacy and includes a spa-inspired bathroom designed for relaxation. Three additional bedrooms offer flexible space for guests, remote work, or hobbies. Step outside to your private backyard retreat with a covered patio, built-in gas grill, and elegant wooden pergola—ideal for morning coffee, cookouts, or unwinding while enjoying the peaceful, tree-filled surroundings. A full irrigation system and thoughtful landscaping ensure easy maintenance year-round. Residents of The Colony enjoy resort-style amenities including pools, a fitness center, parks, scenic trails, and regular community events—all just minutes from Bastrop’s charming downtown, local shopping, and major routes to Austin and beyond. This home delivers the lifestyle, privacy, and comfort you’ve been waiting for.
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.
