Welcome to this sophisticated and spacious two-story sanctuary at 405 Tequilana Pass, perfectly positioned within the vibrant Wildleaf community of Leander. Built by D.R. Horton in 2020, this home offers a thoughtfully designed floor plan that masterfully balances private retreats with open-concept living. The heart of the residence is a chef-inspired kitchen featuring sleek quartz countertops, stainless steel appliances, and a large central island that anchors the expansive family room. Natural light pours in through oversized windows, illuminating the contemporary finishes and creating an inviting atmosphere for both daily relaxation and grand-scale entertaining. The primary suite serves as a tranquil escape on the main level, complete with a spa-like double vanity, a modern walk-in shower, and a generous walk-in closet. Upstairs, the second story provides additional versatile living space, perfect for a dedicated media room, home office, or a children's play area, along with well-appointed secondary bedrooms that ensure comfort for the entire family. Integrated smart home technology and energy-efficient systems throughout the home provide modern convenience and peace of mind. Outside, the covered back patio overlooks a level backyard, offering the ideal setting for Texas evenings and outdoor dining. Life in Wildleaf offers an exceptional array of community amenities, including a refreshing resident-only swimming pool, a modern kids' playground, and a dedicated dog run. The neighborhood is designed for an active lifestyle with a network of scenic walking trails and sidewalks. Residents enjoy unparalleled convenience with the nearby Bar W Marketplace providing a flagship H-E-B, COSTCO and various retail shops. Local favorites like Dahlia Cafe and Blue Corn Harvest offer excellent dining options, while the H-E-B Center and Haute Spot provide premier venues for live music and sports. Nature enthusiasts will love the proximity to the San Gabriel River and the historic Leander Dinosaur Tracks, all while being zoned for the highly-regarded Liberty Hill Independent School District.
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.
