OPEN HOUSES - SATURDAY & SUNDAY - It's all about the details! This stunning home is situated on one of the largest cul-de-sac lots in Johnson Ranch, offering exceptional privacy thanks to the greenspace behind the property. Enjoy the beauty of Texas Hill Country nature right from your backyard. Step inside and discover a thoughtfully designed open-floor plan with soaring ceilings and an airy ambiance that fills the space with natural light. Inviting living areas showcase a variety of impressive custom finishes. The comfortable office provides a perfect setting for working from home, while the spacious dining room is ideal for hosting memorable gatherings. The first floor, open layout seamlessly connects the large, airy main living area -complete with a tiled, floor-to-ceiling fireplace to the cozy breakfast room bathed in sunlight. The kitchen, designed for any chef, features a double oven, dual dishwasher, reverse osmosis system, and abundant storage and countertop space. These well-appointed spaces make entertaining effortless and enjoyable. The main floor is further enhanced by an expansive primary suite, an additional guest bedroom, and a custom full bath. Transitioning to the second floor, you'll find another impressive primary suite. This oversized bedroom includes its own fireplace, updated lighting, a full ensuite bath with dual vanities, a two-person shower, and a walk-in closet. Another second floor suite features a bedroom that has been converted to include a study, offering maximum flexibility and livability. An additional guest bedroom completes the upper level. Additional enhancements include luxury vinyl plank flooring on the second floor and elegant wood flooring in the dining room. While many residences feature some of these details, this home incorporates all of them. So please, come in, take a look around... you may want to stay for awhile or you may want to stay forever.
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.
