HIGHLY COVETED SANTA RITA RANCH! Absolutely gorgeous home backing to 67 ac ranch w peacefull panoramic views of the TX Hillcountry for miles! This home has fabulous upgrades & features a lovely open floorplan w soaring 2 story ceilings& big picture windows that bring in tons of natural light making this a bright& happy home! From the min you walk in you are greeted w beautiful LVP flooring throughout the whole downstairs, gas FP w white mantel surround, chair railing, wainscotting, iron rods & curtains& tasteful deco colors through out! The gourmet kitchen is gorgeous& features a huge island w Quartz counters, deep farm sink w gooseneck faucet& RO filter system, 25+cabinets, modern subway backsplash, built in SS appliances w a 5 burner gas cooktop& huge WIP! The oversized primary boasts a fabulous bay window& truly spa like bath w double Quartz vanities, sep tub& shower w Carerra tile surround& mudset tile, brushed nickel fixtures & lighting, & a huge WIC w convienient access to the laundry room! The floorplan cant be beat w the primary down +office & upstairs featuring 3 more bedrms& a huge gameroom w wrought iron railings overlooking the liv room! The privacy of this lot backing to the Ranch is amazing& the giant covered patio& yard are the perfect place for entertaining friends& family! Santa Rita offers a vibrant community where residents enjoy access to top-tier amenities including sports courts, clubhouse, gym, yoga& aerobic classes, parks, playgrounds, walking trails, pools, splash pads, water slides, scenic trails& all just minutes from shopping, dining& walkable to top-rated Liberty Hill ISD schools. Its like being on vacation every day where you could visit a different place in the neighborhood for activities& never get bored! Imagine hanging out at the club house for an evening glass of wine in front of the cozy outdoor fireplace or sipping your morning coffee poolside!
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.
