Welcome to Pioneer Hill, where this beautifully maintained DR Horton home offers a seamless blend of modern upgrades and practical living. This three-bedroom, two-bathroom residence serves as an ideal starter home, featuring an open-concept layout with durable light-toned flooring and abundant natural light throughout the main living areas. The kitchen is fully equipped with stainless steel appliances, white cabinetry accented by sleek black handles, and a large center island with a breakfast bar that overlooks the dining and living spaces. Thoughtful owner improvements set this property apart from standard new construction. The primary suite and a secondary bedroom features custom closet organization systems to maximize storage. The primary bedroom is spacious enough for large wall dressers, while the primary bathroom offers a modern walk-in shower with floor-to-ceiling tile. Energy efficiency and security are prioritized with a tankless water heater, smart home panel, energy-efficient thermostat, and safety film applied to the front door, back door, and bedroom windows. The exterior is equally impressive, featuring a painted garage—a unique touch compared to the unfinished drywall typically found in the neighborhood. The backyard includes a private wooden deck and a functional fence around the utility box, creating a clean and inviting outdoor space.vcPositioned in a prime Northeast Austin corridor, the home sits near the Walnut Creek Greenbelt, offering easy access to outdoor recreation and trails. Residents will appreciate being just minutes from Austin’s major tech hubs and employment centers. The property offers a distinct vantage point with long-range views to the east, directly overlooking the Samsung headquarters. This turn-key home combines low-maintenance living with a strategic location near the heart of the city's growing infrastructure. For more info, go to: https://wkf.ms/4mw5l0O
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.
