Discover peaceful country living on 5.84 private, tree-filled acres with very little to almost no restrictions and no HOA, giving you the freedom to truly use the land the way you want. Whether you’re looking to garden, raise chickens, bring animals, or simply enjoy space and privacy, this property offers flexibility that is becoming harder to find. The beautifully updated manufactured home features an open floorplan with gorgeous wood flooring and a striking accent wall crafted from wood sourced directly from the property, adding warmth and unique rustic character. The primary and secondary bedrooms feature updated vinyl flooring, and the secondary bedroom includes built-in shelving for added storage and functionality. The full bathroom has been refreshed with tile flooring and a spacious walk-in shower, complete with a modern pull-down shower head and built-in seating. Over $46,000 in improvements have been invested throughout the home and property. Updates include refinished wood floors, interior and exterior paint, remodeled closets, updated sinks and fixtures, window A/C units with heat, dishwasher installation, garbage disposal, water heater (2023), and a water softener installed in 2024. The acreage has been thoughtfully improved with tree trimming and brush clearing, creek cleanup, land regrading to create a gentle slope, a gravel parking area, and gated entry with coded access. Outdoor spaces include stained front and back decks, a garden area, chicken coop space, an 11x19 shed, and a fire pit perfect for relaxing on cool Texas evenings under the stars. Located just 10 minutes from Bertram, known for its small-town charm, wineries, and historic train rides. The property is also 20 minutes from Liberty Hill and Burnet, with convenient access to shopping, restaurants, HEB, and Liberty Hill’s growing retail area including a new Costco coming soon.
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.
