Tucked away in the prestigious gated community of Georg Ranch, this exceptional Garden Ridge estate offers the perfect balance of luxury, comfort, and privacy on a beautifully landscaped homesite. A majestic heritage king oak welcomes you upon arrival, setting the tone for the elegance found throughout. Inside, soaring 12-foot ceilings, abundant natural light, and an open, versatile floor plan create an inviting atmosphere designed for both everyday living and effortless entertaining. Flexible living spaces include a private study, formal living and dining rooms, a spacious fourth bedroom that can also serve as a game room, and a dedicated media room complete with projector, screen, and surround sound. The luxurious owner's retreat is a private sanctuary featuring gleaming hardwood floors, a comfortable sitting area, surround sound speakers, abundant natural light, and direct access to the patio and pool. The spa-inspired ensuite is designed for relaxation, offering an oversized soaking tub, mounted television, an expansive walk-in shower, dual vanities, generous cabinetry, and two spacious walk-in closets. At the heart of the home, the completely remodeled chef's kitchen combines exceptional style with premium functionality. Features include a professional-grade five-burner gas cooktop, elegant quartz countertops, elevated cabinetry, top of the line refrigerator, an oversized center island with breakfast bar, and a large walk-in pantry. The adjoining breakfast area is surrounded by seamless windows that frame picturesque views of the sparkling pool and beautifully manicured backyard. Thoughtful updates throughout the home include rich hardwood flooring, designer lighting, newer garage doors, a newer pool pump, extensive landscaping, professional landscape lighting, and an oversized three-car garage. Step outside to your own private resort-style retreat. The tranquil sound of cascading waterfalls creates a peaceful setting for relaxing evenings, while the updated pool showcases elegant new tile and expansive decking. Surrounding the pool is stunning premium Colorado River rock, celebrated for its striking blend of warm tans, terracotta reds, cool blue-grays, and deep charcoal hues. When touched by water, these natural stones come alive, transforming into a vibrant mosaic of rich, saturated colors that make this outdoor space truly unforgettable. Every detail of this remarkable residence has been thoughtfully curated to deliver an elevated living experience, where timeless elegance, exceptional craftsmanship, and resort-inspired amenities come together to create a home that is as impressive as it is welcoming. This is more than a home-it's where luxury meets legacy.
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.
