*****ATTENTION BUYERS...THIS IS A MINIMUM BID AUCTION*****THIS IS NOT A DISTRESSED SALE*****SELLER RESERVES THE RIGHT TO ACCEPT OFFERS PRIOR TO THE AUCTION*****AUCTION DATE JULY 15, 2026*****CONTACT ME FOR MORE INFO, TDLR AUCTION LIC# 16240***** **Charming, Move-In Ready & Perfect for First-Time Buyers!** Welcome home to this beautifully maintained 3-bedroom, 2-bath gem that offers the perfect blend of comfort, functionality, and outdoor living. From the moment you step inside, you'll appreciate the bright, inviting floor plan designed for everyday living and easy entertaining. The spacious kitchen features sleek stainless steel appliances, ample counter space, and plenty of storage, making meal prep a breeze whether you're cooking for one or hosting friends and family. The open-concept living and dining areas create a warm, welcoming atmosphere you'll love coming home to. Retreat to the private primary suite, complete with its own bath and generous closet space, while two additional bedrooms provide flexibility for family, guests, a home office, or hobby room. Step outside and discover one of this home's most unique features—a **huge garden area** ready for you to grow your own vegetables, herbs, flowers, or create the backyard oasis you've always imagined. The covered patio is the perfect place to enjoy your morning coffee, unwind after work, or host weekend BBQs, regardless of the weather. With low-maintenance living, modern finishes, and space to put down roots, this home offers an incredible opportunity for first-time buyers looking for affordability without sacrificing lifestyle. Why rent when you can own a home with room to grow, entertain, and create lasting memories? **Don't miss your chance to own this Hutto treasure—where comfort, value, and the joy of homeownership come together beautifully.** ????? #HuttoHippos #CharmingArea #Dell #Tesla #Apple #FirstTimeBuyers #Affordable
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.
