BIG HOUSE. PREMIUM HIGHLAND HOME. SHORT SALE PRICING. Let's call it what it is—opportunities like this don't come along often. This upgraded Highland Home in highly sought-after Carmel Creek delivers the space, quality, and floorplan buyers want, now offered at a price that deserves a second look. If you've been waiting for the right combination of square footage, upgrades, location, and value, this may be your moment. Inside you'll find designer touches throughout, including wood-look tile flooring, wainscoting accents, updated lighting, and the craftsmanship Highland Homes is known for. The gourmet kitchen is built to impress with granite countertops, a massive island, gas cooktop, built-in oven and microwave, subway tile backsplash, stainless appliances, abundant cabinetry, and a walk-in pantry ready for every Costco run imaginable. Need space? You've got it. The flexible floorplan features both the primary suite and a secondary guest suite downstairs, a dedicated home office with French doors, oversized secondary bedrooms, a large game room upstairs, and a rare Texas basement for exceptional storage. Out back, enjoy a covered patio, spacious yard, and no rear neighbors—creating the privacy that's becoming harder and harder to find. Located in Carmel Creek, Hutto's premier master-planned community, residents enjoy a resort-style pool, dog park, sports courts, scenic trails, and convenient access to schools, shopping, dining, SH-130, and major employers. The reality? Recreating this home with today's construction costs, upgrades, and lot premiums would cost significantly more. This is your chance to secure a premium Highland Home at a value-conscious price. Short sale. Big opportunity. Schedule your showing before someone else recognizes the deal.
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.
