Discover the perfect blend of space, functionality, and Hill Country charm at 7165 E US Highway 90 in Lampasas, TX. Situated on 5.7 beautiful acres, this 4-bedroom, 3-bath home offers endless possibilities for those seeking country living with room to grow. Inside, you'll find a functional layout with comfortable living spaces filled with natural light, creating a warm and inviting atmosphere throughout. The kitchen features butcher block countertops, ample cabinetry, and generous workspace-perfect for everyday cooking or entertaining. The bedrooms provide both privacy and comfort, while an enclosed patio-currently being used as office space-adds valuable flexibility for remote work, a studio, or additional living area. The home is also ADA accessible, with thoughtful features designed to enhance ease of use and everyday functionality. As part of the home's accessible design, the second bathroom includes a unique and practical tub spout feature that doubles as a convenient toe tester or foot wash-ideal for country living, outdoor lifestyles, and added everyday convenience. Step outside and experience everything this property has to offer. Beautiful oak trees are scattered throughout the land, providing natural shade, character, and timeless Texas beauty. The grounds feature established fruit-producing trees, including fruit cocktail trees with plums, nectarines, and peaches, along with fig trees and pear trees, creating a true orchard-like setting. Purple bearded iris flowers surround the home, adding vibrant color and timeless charm to the landscaping. Enjoy summers in your private pool with a spacious deck, perfect for relaxing or entertaining. In addition to the enclosed patio, there is also a covered front patio, offering multiple versatile spaces for entertaining or relaxation. The property is thoughtfully equipped with a barn that includes horse stables, a fireplace for added comfort, and a water spout conveniently located by the entrance. There is also a designated area with potential for an arena, offering an excellent opportunity for equestrian use, training, or recreational riding. You'll also find a charming herb garden, a chicken coop for sustainable living, and a peaceful pond that enhances the natural setting. With wide-open skies and 5.7 acres of usable land, this property offers the ideal setting for those looking to embrace a rural lifestyle while still enjoying convenient access to nearby amenities. Whether you're searching for a primary residence, hobby farm, or investment opportunity, this unique property delivers the very best of country living.
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.
