Priced to sell quickly — aggressive pricing for a home this size. If you’ve been looking for more space but everything feels overpriced… this is one you’ll want to see. This spacious 5-bedroom, 3-bath home in the established Waterleaf community offers over 3,500 sq ft, giving you the kind of room most homes just don’t have. The layout is designed for real life—with multiple living areas, generous bedrooms, and flexible space for a home office, game room, or even multi-generational living. The kitchen opens right into the main living area, making it easy to stay connected whether you’re hosting or just going about your day. Large windows bring in natural light and keep the home feeling open and inviting. Downstairs, you’ll find a bedroom and bonus space that can adapt to whatever you need—guests, office, playroom, or even a second dining area. Upstairs, the primary suite offers a private retreat with its own sitting area and separate closets—giving you a quiet place to unwind. You’ll also find plenty of storage throughout, a walk-in pantry, and a covered patio out back for relaxing evenings. Beyond the home itself, Waterleaf offers amenities that are hard to find at this price point. Residents enjoy a resort-style community pool, splash pad, playgrounds, basketball and volleyball courts, walking trails, and direct access to nearby parks including the 92-acre Waterleaf Park with sports fields and open green space. Located in a quiet neighborhood with easy access to I-35, you’re just a short drive to Austin, Buda, and San Marcos while still enjoying the comfort and value Kyle has to offer. At this price, you’re getting space, flexibility, community amenities, and location—something that’s getting harder to find in today’s market. If space and value are at the top of your list, this one is worth seeing in person. Some photos may be enhanced or virtually staged for marketing purposes.
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.
