Redbird Ranch provides the lifestyle you have been looking for and 914 Sage Thrasher is the perfect home to achieve that. The Express Home Lombardi floorplan gives everyone the space they are looking for and feels cozy and inviting at the same time. Light, bright, and open. A separate dining room or extra living space is situated in the front of the home. The kitchen flows between dining and living and is gorgeous with white cabinetry, granite countertops, and modern cabinet/drawer pulls. Eat in kitchen. The living room is situated perfectly to be able to entertain guests and still put together the perfect meal. The primary suite is on the first floor tucked away for privacy. A separate garden tub and shower, walk in closet. Upstairs there are 4 bedrooms, 1 bathroom, and a game room. The backyard features a covered patio and backs up to a greenbelt with mature trees, a peaceful way to begin and end your day. Refrigerator, washer, dryer all convey. Have you ever heard of a neighborhood having their own Lifestyle Director who handles fun and entertainment for the entire neighborhood?! The following are amenities that set apart Redbird Ranch from so many communities. The Poolside Drive Pool and Clubhouse houses a lap pool, wading pool, cabana, clubhouse, fitness center, playground, tennis court and basketball courts. Hollimon Park houses a pool, splash pad area with a huge Scorpion fountain, sports field, basketball court, outdoor fitness equipment, weekly food trucks are parked here, tables to eat at and an outdoor fireplace. A 3rd amenity center coming soon will include 2 pools (1 with waterslides), park, playground, tennis/pickleball, basketball, clubhouse, fitness center. There are also walking trails and speaking of walking, Boldt Elementary School is less than a mile from home. Close to HEB and so many retailers and restaurants. Less than 30 minutes to Lackland AFB, Government Canyon State Natural Area. 10 miles to Sea World and Northwest Vista College. Need I say more? Come, visit, fall in love!
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.
