712 Cedar Ridge Dr China Spring, TX 76633
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About this home
If you’ve been searching for that perfect Texas package—privacy, trees, small acreage, and endless potential—this property delivers. Tucked away on a secluded, easy-to-maintain 5.5+ acre tract, just 25 minutes from Downtown Waco, this home is ready for your vision. With some remodeling and updates, it will become a truly stunning and highly valuable piece of real estate. Set off the road with a circular driveway, the home offers classic Southern charm with its limestone façade and wraparound front porch. A large shop with two bay doors provides excellent versatility, featuring extra interior space ideal for an office, workshop, hobby room, or even a small business setup. Nature lovers will appreciate the mature trees and frequent visits from whitetail deer, creating the peaceful rural setting so many buyers seek. All of this sits within the highly rated China Spring ISD and a short drive from both Austin and the DFW area—making Waco an easy and accessible place to call home.
Source: NTREIS #21115204
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.