A rare mid-century modern retreat offering timeless style, thoughtful design, and features that are hard to find today. Located in Deer Haven, with large lots, established trees and no HOA, this unique home blends classic architectural character with nature and wildlife. Inside, you’ll find clean lines, natural light, and finishes that define mid-century modern design. Space for every need with two dining spaces, additional sunroom, three bathrooms and three bedrooms on the first floor. The home’s distinctive style creates a warm and friendly atmosphere while offering plenty of room to relax and gather. Step outside to your private backyard oasis featuring an inviting pool, expansive screened porch and large yard, perfect for weekend get-togethers, outdoor dining, or simply enjoying your own private escape. A standout feature of this property is the rooftop terrace, providing an elevated space to unwind, entertain, and take in the surrounding views. Whether you’re enjoying morning coffee or evening sunsets, this space adds a unique touch rarely found in the area. Many upgrades have been made, including a Telsa Charger. With a spacious lot, no HOA restrictions, a pool, and architectural charm throughout, this home offers a one-of-a-kind opportunity to own a home with personality, flexibility, and lasting appeal. Conveniently located near shopping, dining, with easy access to major highways, this home brings together style, comfort, and location - close to both San Antonio or Austin.
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.
