Welcome to 3811 Laurel Ridge Dr, a move-in-ready two-story home in Round Rock’s Laurel Ridge community offering 4 bedrooms, 2 full bathrooms, a powder bath, approximately 2,386 square feet, multiple living and dining areas, and a 2-car garage. Recent updates including luxury vinyl plank flooring, fresh interior paint, updated light fixtures, and a recently replaced roof give the home a clean, refreshed feel. Inside, the layout works well for living, entertaining, or working from home. The oversized primary suite includes tray ceilings, a sitting area, dual vanities, and a walk-in closet, while the additional bedrooms provide flexibility for guests or office use. Large windows bring in natural light, and the open-concept family room and kitchen connect easily to the backyard, where a covered porch, patio extension, and fenced yard create room to relax and personalize over time. What makes this home especially appealing is its location near many of Round Rock’s conveniences and destination spots. Set within easy reach of HEB, IKEA, Round Rock Premium Outlets, Round Rock Amp, Dell Diamond, Kalahari, Texas State University Round Rock Campus, Ascension Seton Williamson, and Baylor Scott & White Medical Center, the home is well positioned along the University Boulevard and I-35 corridor for shopping, dining, recreation, and commuting. Nearby outdoor options include Eagles Nest Park, Old Settlers Park, and Forest Creek Golf Club. The location also offers access to Round Rock ISD schools and a convenient drive to Downtown Round Rock, Historic Downtown Georgetown, North Austin employers, and Downtown Austin. Living here feels practical and well-rounded. Your morning coffee run could be Mi Mundo Coffeehouse & Roastery or Lamppost Coffee, and weekends can mean shopping at the outlets, a concert at Round Rock Amp, a Round Rock Express game, or time outdoors nearby. This is the kind of home that offers comfort, space, and a location that supports how people actually live.
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.
