Set on almost an acre backing to a tranquil greenbelt, this refined Ashton Woods residence in the coveted Cortaro community offers an exceptional blend of space, privacy, and elevated design—all within the acclaimed Dripping Springs ISD and just minutes to schools, HEB, the Hill Country Galleria, and popular vineyards and breweries. Thoughtfully crafted across two levels, the home features 4 bedrooms, a dedicated study, formal dining, 3.5 baths, an expansive upstairs game room, and a media room. Soaring vaulted ceilings with exposed beams crown the luminous great room, where sliders open to a covered outdoor living space. Oversized transom windows invite serene natural light throughout, creating a seamless connection to the surrounding landscape. The chef’s kitchen is equally impressive, anchored by a substantial center island, framed in custom shaker cabinetry, and appointed with premium granite surfaces, stainless appliances, a butler's pantry with cafe counter, and a charming breakfast nook with built-in seating. The main-level primary suite is a peaceful retreat overlooking the backyard and greenbelt beyond. It offers a custom walk-in closet and spa-like bath with separate vanities, a freestanding soaking tub, and a glass-enclosed shower. A guest bathroom and in home laundry room round out the main floor. Upstairs you can really spread out with 3 bedrooms, 2 full bathrooms, a game room, plus an awesome media room with theater seating and potential for a 5th bedroom conversion. Outdoor living is equally impressive with both front and rear covered patios—ideal for enjoying Hill Country sunsets or game day gatherings. The covered back patio features remote control retractable screens, plus there is ample space to design your ideal outdoor oasis, add a pool, and more. The spacious three-car garage provides room for storage or a workshop. A rare opportunity where design, comfort, and setting align—schedule your showing today.
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.
