Charming two-story home in the established Crossing at Onion Creek community offering 3 bedrooms, 2.5 bathrooms, and approximately 1,346 square feet of thoughtfully designed living space. With its welcoming covered front porch, detached two-car garage, and mature trees throughout the neighborhood, this home captures the relaxed character and charm that make this South Austin area so appealing. Inside, the main living area features a vaulted ceiling that creates an open, airy feel, with ceiling fans throughout the home for added comfort. The living space flows naturally into the dining area and kitchen, creating a comfortable layout for both everyday living and entertaining. The kitchen offers generous cabinetry and workspace, with the laundry conveniently located nearby. A built-in speaker system adds an extra touch for music and entertainment throughout the home. The primary suite is located on the main floor for added privacy and convenience and includes a walk-in closet and full en-suite bathroom. Upstairs, you'll find two secondary bedrooms, a full bathroom, and a versatile loft area that can serve as a second living space, home office, or play area. One of the upstairs bedrooms provides access to attic storage with flooring already in place, along with the home's newer HVAC system and water heater. The backyard offers a peaceful outdoor retreat featuring a patio with pergola, a charming goldfish pond water feature, and a dedicated dog run. The detached two-car garage is accessed from the rear alley, helping maintain the home's inviting front-porch curb appeal. Residents of Crossing at Onion Creek enjoy neighborhood amenities including a community park and playground. The location provides convenient access to I-35, Downtown Austin, Austin-Bergstrom International Airport, and major employers including Tesla and other rapidly growing technology and manufacturing hubs in the area. Outdoor recreation is also nearby with McKinney Falls State Park and numerous South Austin trails and green spaces just a short drive away. Additional inclusions such as the refrigerator, window blinds, and security system with cameras add extra convenience for the next owner. Located within Austin ISD, this home offers a wonderful blend of neighborhood charm, functional living space, and convenient access to the best of South Austin 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.
