PRICE IMPROVEMENT! Welcome to this stunning 3-bedroom, 3-full-bath home w/ office in the coveted Belterra community. Beautiful stone masonry with redwood trim, an inviting covered front porch, and a custom wood, glass, and iron front door create exceptional curb appeal. Step inside to a dedicated office offering a quiet workspace, while a rock-and-cedar trimmed entry leads to the formal dining room—perfect for hosting. Tall ceilings, arched doorways, and abundant natural light add grandeur to the open-concept layout. Hardwood flooring extends through the hallways, office, dining room, and all bedrooms, with tile in the kitchen, breakfast area, and living room for easy maintenance. The chef’s kitchen features extensive granite counters, a gas cooktop, rich cabinetry, and a cozy breakfast nook. Upstairs, a spacious bonus room with a full bath provides excellent flexibility as a second living area, playroom, or potential fourth bedroom. The living room overlooks large sliding doors leading to a custom screened-in covered patio overlooking the extended backyard and serene greenbelt for your own private outdoor retreat. This home includes over $100k in upgrades including a new LoveRain roof with 50-year warranty, tankless water heater, 1-ton multi-zone HVAC, double gliding doors, screened-in covered patio, plantation shutters, updated lighting and built-in cabinetry in laundry and media room. The landscaping includes native plants, mature trees, a full sprinkler system, and standout specimens such as a magnificent Spanish Oak and an Anacasha Orchid tree. Potted plants and Pine Trees will NOT convey. A detached garage and ext driveway offer ample parking. Located in a vibrant community, with a resort style recreation center, the home is close to multiple playgrounds, walking and running trails - ideal for outdoor enthusiasts! Don’t miss the chance to own this exceptional home in the sought-after Belterra, one of the most desirable master planned communities in Austin!
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.
