Welcome to 107 Lilly Bluff, an exceptional two-story custom home nestled on one of the largest lots in Potranco Ranch, offering nearly 3/4 of an acre of space, privacy, and luxury living just minutes from San Antonio. From the moment you arrive, the stucco-and-stone Mediterranean-inspired exterior with elegant uplighting sets the tone for what lies inside. Step through the dramatic foyer featuring soaring ceilings, a sweeping curved staircase with oak handrails and wrought iron balusters, and wood-look tile flooring that flows throughout the main level. The open-concept great room anchors the home with a floor-to-ceiling limestone fireplace, oversized windows overlooking the resort-style backyard, and seamless flow into the chef's kitchen. The kitchen is truly a showstopper, boasting an expansive quartz island with seating for four, custom gray shaker cabinetry with black hardware throughout, herringbone tile backsplash, stainless appliances including a 5-burner gas cooktop, wall oven with microwave , and a professional grade range hood. A large pantry, bar area, and adjacent breakfast nook with custom accent wall complete the space. The primary suite on the main floor is a true retreat with a spa-inspired ensuite featuring a walk-in rainfall shower with pebble tile floors, a soaking tub, and a generous walk-in closet. A second en suite bedroom downstairs provides ideal accommodations for multi-generational living, guests, or extended family. Two additional flexible rooms on the main level serve perfectly as a home office, study, or formal living space. Upstairs, the home continues to impress with a dedicated media room, a sprawling loft and game room, a third private en suite bedroom, and a fourth bedroom with an adjacent full bath. Outside, your personal resort awaits. The freeform pool and heated spa feature a dramatic stone waterfall, flagstone coping, and are surrounded by an expansive epoxy-coated concrete entertainment deck. Palm trees, a covered gazebo with string lights, a putting green area, and a vast manicured lawn create an entertainer's paradise that must be seen to be believed. Additional highlights include a 3-car garage, spray foam insulation, plantation shutters, ample storage throughout, and access to the acclaimed Medina Valley ISD. 4 Bed | 4.5 Bath | 3,952 SF | 0.77 Acres | 3-Car Garage | Pool + Heated Spa | Medina Valley ISD
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.
