Welcome to an extraordinary opportunity in the highly sought-after Cypress Springs neighborhood-where luxury, privacy, and breathtaking natural beauty converge on this rare, one-of-a-kind riverfront estate. Set on approximately 1.2 acres, this stunning traditional ranch with modern updates captures the essence of Hill Country living, offering sweeping, unobstructed views and unforgettable sunsets that paint the sky each evening. From the moment you arrive, the fully high-fenced front acreage and automated gated entry provide both security and an impressive sense of arrival. Designed with both comfort and entertaining in mind, this home is truly an entertainer's dream. The gourmet chef's kitchen is the heart of the home, featuring Silestone countertops, custom cabinetry, a pot-filler, and premium stainless appliances including a 4-burner cooktop with griddle, double ovens, warming drawer, and Bosch dishwasher. Thoughtful details elevate the space, such as a stylish fandalier, three pendant lights over the peninsula, a three-bay Kohler stainless sink, and both under-cabinet and above-cabinet lighting with programmable Hue color settings to match any mood or occasion. The adjacent wet bar adds another layer of sophistication and functionality, complete with a granite countertop, Kohler sink with cutting board, wine fridge, and ice maker. Unique design touches include a chalkboard backdrop behind the alcohol shelves and magnetic side walls, along with customizable shelf lighting-perfect for hosting gatherings or showcasing your collection. Storage is abundant throughout the home, with multiple interior options including a temperature-controlled attic space and two additional floored walk-in attic rooms upstairs. The property also includes two exterior storage buildings, ensuring space for all your needs. Located within the highly desirable Comal Independent School District, this exceptional property offers not only luxury and functionality but also an unbeatable lifestyle-where serene riverfront living meets refined design and modern convenience. This is more than a home-it's a private retreat, a gathering place, and a rare piece of Hill Country paradise.
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.
