One-of-a-kind home after a complete renovation that changed the living spaces and added all of the bells and whistles. See detailed floor plan and specs in Documents. This is the home where everyone wants to take prom photos, come for mahjong or meet neighbors for supper club. It is not only stunning but thoughtfully redesigned with fun in mind. From the wide open floor plan that combines the kitchen and living areas to the resort style pool with outdoor kitchen and commercial style bar, there is a place for every event. Entertaining spaces include a wine tasting or game room with built-in table that will seat eight, a separate formal dining room, kitchen counter seating and an informal seating area in the combined living areas. The entire downstairs living area was designed for entertaining and can easily seat 32 for meals. Gourmet cooks, or those aspiring to be, will love the heart of the home, the kitchen, with miles of cabinetry, counter space and commercial grade appliances including a dual fuel 6 burner range and oven, a double convection wall oven and built-in microwave drawer. Wood floors flow seamlessly throughout. Sports fans will enjoy a multitude of opportunities to enjoy the big game both inside and outside as the fun spills outside to a large seating area with dining table, a full bar w/big screen, and an outdoor kitchen. A resort style heated spa and pool with waterfall (20’ x 30’) surrounded by lounge chairs complete the setting. At day’s end, residents retreat upstairs for a movie in the upstairs living area or one of the four bedrooms. The primary suite has a freestanding tub and walk in shower, a double vanity and California designed closet. Two other bedrooms share a bath and a third is currently being used as an office. Located on a quiet, culdesac corner lot in Austin's premier Circle C Ranch, the setting is perfect. Enjoy 4 pools, excellent schools, hike and bike trails, parks, soccer fields, picnic areas, wildlife and The Wildflower Center.
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.
