Set in the Estate section of Stablewood at Slaughter Creek, this 3 BD, 2 BA home offers the kind of flexible layout that can grow and shift right along with you. With high ceilings and wide plank flooring throughout, the home feels open, functional, and easy to live in. No carpet anywhere keeps things simple, while the thoughtful floor plan gives you plenty of room to spread out. At the front of the home, a huge formal dining room creates space for holiday dinners, while a dedicated office adds even more versatility and could easily work as a 4th bedroom. The main living area opens up beautifully with soaring 2nd story ceilings, a cozy fireplace, and a wall of windows that brings in natural light and frames the backyard greenery. At the center of the home, the kitchen brings everything together with a breakfast bar, center island, granite countertops, and a breakfast nook that makes everyday meals easy. Upstairs, a bonus room adds even more flexibility, perfect for a game room or upstairs den. The primary suite is generously sized and features its own ensuite bath and a HUGE walk-in closet. Two spacious secondary bedrooms give everyone room to settle in, while the upstairs layout creates a nice separation between shared spaces and private ones. Out back, the lovely yard feels like its own little arboretum, with winding paths, lush landscaping, mature trees, and a shaded arbor that makes the whole space feel tucked away and peaceful. Even the garage brings extra function with ceiling-mounted storage racks, pulleys, hoists, and a workbench to help keep everything organized. Enjoy living in an established, friendly community with a pool, splash pad, playground, private trails, and direct access to Mary Moore Searight Park’s 340 acres of wooded trails, disc golf, picnic areas, and sports fields. All of this just minutes from Southpark Meadows and less than 15 miles from downtown Austin, giving you the space to spread out without losing touch with the city.
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.
