Imagine finding a single-story home that actually gives everyone in the family their own space. The kind of layout where the adults have a main living room to relax and entertain, while the kids have a second living area of their own just steps from the bedrooms. Add in a dedicated office for working from home, four bedrooms, two and a half bathrooms, and suddenly the floor plan starts solving the exact problem so many buyers run into when searching for a one-story home in Central Texas: space that works for real life. At 6711 Calabria Drive in Round Rock, this thoughtfully designed home offers more than 2,800 square feet all on one level, creating a layout that feels both open and incredibly functional. The dual living spaces are what truly set this home apart. The main living room serves as the natural gathering point of the house, while the second living area near the additional bedrooms creates the perfect setup for a kids’ retreat, game room, or media space. It’s a layout that allows everyone to spread out while still feeling connected. Beyond the living spaces, the home also includes a dedicated office, making it easy to work from home without sacrificing a bedroom. The kitchen connects naturally to both the main living area and the breakfast space, while a formal dining room provides the perfect setting for holidays, celebrations, and hosting friends. Located in the Siena neighborhood of Round Rock, the home offers convenient access to Round Rock, Hutto, and Georgetown along with nearby shopping, dining, and commuter routes throughout the Greater Austin area. For buyers searching for a spacious single-story home in Round Rock with the rare combination of two living spaces, a home office, and room for the entire family, 6711 Calabria Drive stands out as one of the most functional floor plans you’ll find at this price point.
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.
