Welcome to 324 Gaida Loop. One of the greatest benefits of living here is the ease of access to everything you need. With quick connections to Hwy 29, Ronald Reagan Blvd, and Austin’s tech corridor, commuting and daily errands are made simple, while shopping, dining, and entertainment are just minutes away. From Costco and Target to local favorites like Torchy’s Tacos, Chuy’s, Chick-fil-A, and more, this location makes everyday life more convenient and enjoyable. Inside, the home is designed to support both connection and functionality. The open-concept main level creates a comfortable flow for everyday living, entertaining, and spending time together. The kitchen offers generous prep and gathering space with granite countertops, stainless steel appliances, a large island, and an oversized dining area that easily accommodates hosting or casual meals. The living room is centered around a stunning custom fireplace, creating a warm and inviting atmosphere that makes the home feel special from the moment you walk in. Upstairs, a built-in workstation provides a practical and dedicated space for working or studying from home. The primary suite offers a peaceful retreat with beautiful treetop Hill Country views, a spacious en-suite bath, and convenient access to the laundry room, adding ease to daily routines. Secondary bedrooms provide flexibility for guests, family, hobbies, or additional workspace. The oversized backyard extends your living space outdoors, offering room to entertain, garden, play, or simply relax and enjoy the Texas lifestyle. Living in Morningstar means more than just owning a home—it means enjoying resort-style amenities designed for year-round enjoyment, including multiple pools, sports courts, playgrounds, ziplines, trails, fitness stations, a fishing pond, and more. Zoned to highly rated Santa Rita schools without the higher Santa Rita HOA fees, this home delivers the lifestyle, value, and location buyers are looking for
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.
