Welcome home to this beautifully maintained 4-bedroom, 2.5-bath residence offering 2,106 sq. ft. of comfort and style! Tucked away on a desirable corner lot, this property provides a peaceful setting while still being just minutes from W Loop 1604 and Highway 151 - ideal for commuters, especially those heading to Lackland AFB. Step inside to a functional and inviting layout featuring two spacious living areas - one upstairs and one downstairs - ensuring room for everyone to relax or entertain. The primary bedroom is conveniently located on the main floor, complete with a lovely ensuite featuring dual vanities, a separate soaking tub, and a walk-in shower. The well-equipped kitchen boasts stainless steel appliances, quartz countertops, and is perfectly positioned near the main-floor utility room for added convenience. Upstairs, you'll find three generously sized secondary bedrooms and an additional living space that can serve as a game room, media area, or home office. The outdoor living is truly a standout! The meticulously cared-for backyard is perfect for gathering and unwinding - complete with an outdoor kitchen featuring a gas grill, two inviting seating spaces (one under the covered patio and another on a charming brick paver area), a small greenhouse for the plant enthusiast, and even a storage shed for tools and extra storage. The stained terra cotta concrete patio adds a warm pop of color, beautifully complemented by vibrant outdoor decor. Located near major attractions including SeaWorld San Antonio, this property is also an exceptional opportunity for short-term or long-term rental income. And here's the best part... this home is being offered FULLY FURNISHED - inside and out! The seller is only taking personal belongings, so you get it all for one amazing price. Simply move right in or start renting immediately! Don't miss your chance to own this turnkey gem in a fantastic location. Schedule your showing today!
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.
