A rare and refined offering in one of San Antonio's most coveted neighborhoods - 111 Merry Trail is a masterfully updated residence that perfectly balances timeless elegance with modern luxury. Nestled in the heart of the highly sought-after Hollywood Park community, this stunning nearly 3,200 square foot home sits on a breathtaking almost half-acre lot canopied by gorgeous, mature oak trees that frame the property with natural beauty and undeniable curb appeal. Step inside and immediately appreciate the quality underfoot - rich hardwood floors flow beautifully throughout the family room and main living spaces downstairs, while elegant travertine anchors the kitchen and dining areas, creating a sophisticated and seamlessly curated first floor aesthetic. The crown jewel of this residence is undoubtedly the completely renovated, high-end kitchen - a true showpiece featuring exquisite custom wood cabinetry, stunning marble countertops, stainless steel appliances, and updated light fixtures that reflect the craftsmanship and attention to detail that discerning buyers demand. Designed for both serious cooking and effortless entertaining, this kitchen is simply in a class of its own. The thoughtfully designed floor plan offers exceptional flexibility for today's lifestyle. A stunning dual-sided fireplace connects the front multifunction room - ideal as a formal dining room, private office, or formal living space - to the expansive family room, creating a warm and dramatic focal point at the heart of the home. Adjacent to the kitchen, an additional flexible space provides the perfect setting for a casual sitting area or more intimate dining experience. All four generously sized bedrooms feature walk-in closets, with the oversized primary suite serving as a true sanctuary, complete with its own private fireplace. The primary bathroom offers a separate tub and shower and dual vanities - a functional and comfortable space with plenty of opportunity for a future buyer to add their own personal touch. Outside, the massive covered patio overlooks a sprawling backyard shaded by majestic oaks - an idyllic setting for outdoor entertaining, quiet mornings, or simply enjoying the beauty of this exceptional lot. With a new roof installed in summer 2025 and fresh interior paint, this home is as solid and move-in ready as it is beautiful - giving the next owner true peace of mind from day one. Hollywood Park is one of San Antonio's most beloved and established communities - and homes of this caliber here are a rare find. Schedule your private showing today before this one is gone.
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.
