Imagine starting your mornings on a quiet cul-de-sac where the only sounds are birds in the trees and the soft hum of a neighborhood waking up. That peaceful setting is just the beginning of life in this ideally located home—where you can hop onto the interstate within minutes or head to Stillhouse Lake and Chalk Ridge Falls Park for an afternoon of fresh air, sunshine, and adventure. Set on a generous lot with plenty of breathing room, this property offers space inside and out, including a 3-car garage that’s ready for weekend projects, extra vehicles, or all the gear that comes with Central Texas living. Step inside and the story continues with a floorplan designed for connection. The dining room sets the stage for family dinners and memorable holidays, while the wide-open great room brings everyone together around the warmth of a fireplace. The island kitchen opens to it all—complete with stainless steel appliances and the kind of layout that makes both everyday meals and quick snacks feel effortless. At the end of the day, the owner's suite is your retreat. The Texas-sized walk-in closet keeps everything organized, and the spa-inspired bath offers a generous soaking tub and a separate shower made for unwinding. When you want to enjoy the outdoors without stepping too far, the screened-in patio is the perfect spot for morning coffee or evening conversations. Just beyond it, a pergola-covered deck extends the living space and becomes the go-to place for weekend grilling or quiet nights under the stars. A storage building in the backyard adds even more convenience, keeping tools, lawn equipment, and seasonal items right where you need them. This isn’t just a house—it’s a lifestyle built around comfort, connection, and the best of Central Texas living.
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.
