Welcome to 3091 Rockbridge Road, an inviting luxury estate where elegance meets comfort, gracefully set on 1.33 private acres in the prestigious Hidden Valley subdivision. Encompassing 4,790 square feet, this remarkable residence offers five spacious bedrooms and six luxurious bathrooms, thoughtfully curated to deliver an elevated living experience. A grand foyer sets the tone, opening to an expansive, light filled interior where refined finishes and designer lighting complement the home’s seamless, open concept design. At the heart of the home, a chef’s kitchen impresses with custom cabinetry adorned with intricate crown molding, elegant granite surfaces, and a full suite of brand new, high end appliances perfectly suited for both everyday living and sophisticated entertaining. The primary suite serves as a true retreat, featuring its own private fireplace and a spa inspired ensuite designed for relaxation and indulgence. Each additional bedroom offers generous proportions and ensuite access, ensuring comfort and privacy for family and guests alike. This residence has undergone a comprehensive restoration, blending timeless design with modern efficiency. Enjoy peace of mind with three new HVAC systems, two newly installed tankless LPG water heaters, updated electrical and plumbing systems and new flooring throughout, delivering both luxury and functionality. Outdoors, the estate continues to impress. A resort style gunite swimming pool and spa is surrounded by lush landscaping, creating an inviting setting for Texas summers. The expansive circular driveway and oversized three-car garage provide both functionality and impressive curb appeal. Backing to a serene wooded backdrop, the property offers exceptional privacy and the charm of frequent wildlife sightings. Located within highly acclaimed Midway ISD, this distinguished property offers the rare combination of secluded, estate style living with convenient access to Waco and McGregor amenities.
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.
