Spacious 4-bedroom home, perfectly situated directly across the street from the vibrant Sunset Hills community park. This thoughtfully designed and spacious residence offers the ideal blend of style, comfort, and energy efficiency. Far enough away from the hustle and bustle of city living, yet close enough for the convenience. Step inside and discover a home with high ceilings and plenty of storage, including closets galore. The open-concept living room and kitchen create a seamless flow for daily life and entertaining. The generous living area and the primary bedroom both offer serene views of the backyard pool. This floor also includes a formal dining room with kitchen access and a dedicated office, providing flexible spaces for work and hosting. Step outside to your own get away from the everyday. The backyard features a sparkling inground fiberglass pool and a covered patio, perfect for relaxing or hosting gatherings. The hot tub also conveys with the home. Upstairs, a second living area provides a versatile space for a media room, game room, or play area. This floor is completed by three additional spacious bedrooms. Designed with efficiency in mind, the house is equipped with solar panels and features a durable exterior combination of brick and Hardie-type siding. Living here means enjoying the best of the outdoors. You're just a short trip to Lake Kyle for fishing. While golf enthusiasts will love the Par 71 18-hole championship Plum Creek Golf Course, 5 miles away set on more than 200 acres. The Sunset Hills community itself offers an array of amenities within its own park, including a walking trail, a playground, and sports court. Conveniently located near I-35, this home provides an easy commute to major employers like Texas State University and Ascension Seton Hays. You'll also have quick access to a variety of retail centers, including Kyle Crossing, The Village at Kyle, and Kyle Marketplace. NO SURVEY. HOT TUB, REFRIGERATOR CONVEY.
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.
