Welcome to this beautifully appointed 3-bedroom, 2.5-bathroom home nestled in the scenic Highland Creek Lakes community of Dripping Springs. Offering 2,398 square feet of thoughtfully designed living space, this spacious two-story residence blends comfort with contemporary style. Step inside to soaring coffered ceilings and abundant natural light streaming through large windows in the inviting living room—complete with a cozy fireplace, perfect for relaxing evenings. The open-concept floor plan seamlessly connects the main living areas, ideal for modern living and entertaining. The gourmet kitchen features elegant granite countertops, a stylish backsplash, and upgraded fixtures, including a modern sink and faucet. Retreat to the primary suite, a true sanctuary boasting an oversized walk-in closet and an ensuite bathroom with a dual vanity for added convenience. Enjoy the peace and beauty of the amazing Texas Hill Country VIEWS from two private back porches—perfect spots for stargazing under Dripping Springs’ renowned dark skies. Upstairs, you’ll find two additional bedrooms, a full bathroom, and a spacious family room that offers flexibility for a home office, gym, playroom, or creative space. Additional highlights include: * Located in the acclaimed Lake Travis ISD * Low tax rate of 1.56% * Optional membership in the voluntary HOA * Close proximity to shopping, dining, and top-rated schools The perfect balance of Hill Country serenity and city convenience in this exceptional home. *Buyer to independently verify all information including schools, restrictions, taxes, and community amenities. *
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.
