Captivating home in Crystal Falls. This 2-story stone and brick home has been styled by a professional interior designer and boasts approximately $89,000 in renovations. Located on a serene cul-de-sac street just off Crystal Falls Blvd with Randalls and every modern convenience just steps away. The alluring covered front porch has a metal roof & contemporary 4-lite entry door. Once inside, you will appreciate the wide plank, buff colored hardwood oak floors & soaring ceilings. The entry leads to a spacious study with double doors & on the other side there is a flex space for an additional dining or living room. There is an abundance of natural lighting provided by clerestory windows in the family room and just the right amount of coziness from the redesigned gas log fireplace. The eat-in kitchen has been totally refreshed with painted cabinets, quartz counters, stainless steel appliances, Blanco granite composite sink, Ripple porcelain tile backsplash, and contrasting black drawer pull. In May 2024 a $6000. PureAgain whole house water filtration system was installed, it is a 3 filter system which uses pressed charcoal. The main level owner's retreat is bold & tasteful with double doors to the ensuite bath which has dual vanities, soaking tub, separate shower & a generous walk-in closet. On the second level there are 3 bedrooms with walk-in closets and 2 full baths, and another dedicated space with French doors which could be used as a second study or a media/gameroom. The exterior has recently been repainted & there is a covered back porch & sprinkler system front and back. A canopy of oak trees envelops this home and it backs to natural green space. Roof shingles replaced in 2020. Crystal Falls is a special community amidst Hill Country landscapes with amenities including 2 pools, fishing ponds, pavilion, sports courts, parks, playgrounds, walking trails, 18 hole disc golf course. It also hosts a challenging 18 hole public golf course.
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.
