High ceilings * Dedicated home office with glass doors * Covered patio * VA assumable loan with 2.99% Interest Rate * Easy Hwy 90 access * Located in the Harlach Farms community, this four bedroom, two and a half bath home built by Meritage Homes offers an open floor plan with functional spaces designed for everyday living and flexible use. The exterior features stone veneer and cement fiber siding. The first floor welcomes you with high ceilings and engineered vinyl plank flooring that flows throughout the main living areas, with tile in wet areas. A dedicated study with glass doors provides a defined work from home or flex space separated from the main living areas is perfect for remote workers. The central kitchen includes a large island with prep space, linen cabinets, white toned quartz countertops, gas cooking, stainless steel appliances, above range microwave, walk in pantry, and views into the breakfast area and living room. A tech center with planning desk is positioned just off the family room, along with additional under stair storage. Upstairs, all four bedrooms are arranged in separate corners of the home for added privacy. The primary suite features a bay window and an ensuite bath with soaking tub, walk-in shower, double vanity, and a spacious walk in closet. A large game room offers additional flexible living space. The utility room is also located upstairs for convenience. The secondary bathroom includes a double vanity. The covered patio and large fenced backyard offer usable outdoor space with a privacy fence and sprinkler system. Additional features include a water softener and energy efficient construction designed to support lower utility usage and reduced noise. Community amenities include a pool and BBQ grill area. This home offers a VA assumable loan with a 2.99 percent interest rate, available to qualifying buyers with substitution of VA loan entitlement, subject to lender and VA approval. The location offers convenient access to Highway 90 and Loop 1604, with nearby shopping, dining, and entertainment. H-E-B Plus at Loop 1604 and Potranco Road is approximately 4 miles away. Downtown San Antonio is approximately 18 miles away, and Lackland Air Force Base is under 10 miles. This home includes a 3D walkthrough and floor plan viewer.
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.
