Some homes are just houses. This one has a soul. Built in 1948, this classic Los Angeles Heights bungalow carries the warmth of a neighborhood where people still wave from the porch and the streets are lined with mature trees and decades of good stories. It's the kind of home that makes you slow down, and once you step inside, you'll understand why. The open layout draws you in naturally: the great room flows into the dining area, and the kitchen, anchored by a breakfast bar perfect for morning coffee or evening conversation, is the kind of space where meals become memories. There's even room for a rolling island when the mood strikes. Natural wood floors and fresh paint give the interior a clean, bright feel that's ready the moment you move in. Three comfortable bedrooms line their own private wing, offering the quiet retreat every family needs. The updated bathroom sits centrally between them, and one bedroom opens directly to the outside, ideal for early risers who want to slip into the backyard with their coffee before the world wakes up. Out back, a spacious, fenced yard offers room to breathe: a garden, a fire pit, a swing set, or simply nothing at all. The detached two-car garage is a plus (think workshop, studio, or extra storage), and the private gate off the parking pad gives you that coveted sense of security in the city. Three mini-split systems, installed in 2021, mean you control the comfort. No central system surprises. Just cool, efficient air exactly where you need it. And the location? It's the part that makes buyers stop scrolling. You're ten minutes from The Pearl, San Antonio's beloved riverside destination for farm-fresh farmers markets, acclaimed restaurants, and weekend strolls along the River Walk's northern stretch. The legendary St. Mary's Strip, with live music, local bars, and neighborhood tacos, is practically in your backyard. Downtown, the museums, Brackenridge Park, and the Japanese Tea Garden are all within easy reach, and I-10 puts the rest of the city at your fingertips. City bus service runs nearby, too, so a car is a convenience, not a necessity. Los Angeles Heights is one of San Antonio's most authentic neighborhoods, established, diverse, and rich with character. This isn't a subdivision built last year. It's a community built over generations, and 1112 Fresno is your invitation to be part of it. This is real San Antonio. Not a compromise, but a discovery.
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.
