Discover a private wooded retreat on 4+ unrestricted acres in the heart of Bastrop, featuring a thoughtfully designed single-story custom home, two versatile ADUs, and exceptional workshop and storage spaces. The 3-bed, 2-bath main home offers an inviting open layout with high ceilings, crown molding, recessed lighting, and expansive windows that frame serene views. The spacious living area features custom built-ins and a new electric fireplace (installed 2025), flowing into a dining nook with picture windows and a beautifully appointed kitchen with a granite island, custom cabinetry with pull-outs, granite countertops, walk-in pantry, and new Samsung stainless appliances (2024–2025). The peaceful primary suite includes a dual vanity and large walk-in shower with full tile surround and dual shower heads. Secondary bedrooms are generously sized, and the home is enhanced with updated lighting (2023), new ceiling fans (2024), stained and sealed primary bedroom concrete flooring (2024), new guest bath finishes (2025), and custom cabinetry throughout—including a built-in desk with attic access. Two detached insulated ADUs (2023) offer endless potential. One includes running water, tankless water heater, cabinetry, refrigerator, ladder, and 2025 TV; the second features electricity, AC, TV, and a two-person infrared sauna with chromotherapy. Additional improvements include a detached insulated 3-car garage with 220 power, car lift, wood-burning stove, and built-in workbench; a 2025 wood shop; chicken coop with solar systems; shipping container with power; dual septic systems (serviced 2025); riding mower; above-ground pool with equipment; pergola; and extensive exterior lighting. A long private drive ensures seclusion. Enjoy no HOA, low taxes, and incredible freedom—perfect for personal use or running a business. Located minutes from Bastrop State Park, dining, and downtown, this property offers the ideal blend of privacy, convenience, and possibility.
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.
