This spacious and beautifully designed home offers over 4,100 square feet of living space, featuring 5 bedrooms plus a large bonus room that can easily serve as a 6th bedroom, and 4 full baths, all situated on a generous lot with a peaceful wooded view. Located in a highly sought-after area and zoned for top-rated Williamson County schools, Clovercroft Elementary, Woodland Middle, and Ravenwood High, this home combines space, functionality, and an exceptional location. Inside, the home welcomes you with a formal dining room just off the entry, highlighted by a stylish blue accent wall, and a dedicated office across the foyer, perfect for working from home. The open-concept main living area is ideal for entertaining, featuring a stunning stacked stone fireplace and seamless flow into the kitchen and dining spaces. The kitchen is both spacious and well-appointed, offering white cabinetry, stainless steel appliances, a large center island, and an adjoining eat-in dining area. Just off the kitchen, a convenient dry bar or office nook adds extra functionality for everyday living. Upstairs, the primary suite provides a true retreat with a cozy sitting area and a spacious en-suite bathroom complete with dual vanities and a large soaking tub. Additional bedrooms offer flexibility for family, guests, or hobbies, while the bonus room has been thoughtfully converted into a movie theater, perfect for entertaining or relaxing at home. Step outside to enjoy the covered porch and expansive deck overlooking the backyard and wooded green space beyond, creating a private and serene outdoor setting. With its generous layout, thoughtful upgrades, and prime location, this home offers the perfect blend of comfort, style, and everyday convenience. New roof, May 2025. Up to 1% lender credit on the loan amount when buyer uses Seller's Preferred Lender.
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.
