***OPEN HOUSE - SATURDAY, MAY 23 - 1PM TO 3PM ~ PRICE REDUCED TO $595K VA Assumable at an incredible 2.875 interest rate & up to $12K seller concessions on an approved and acceptable offer.*** Welcome to this stunning Westpointe Fronterra home where luxury, space, and functionality come together beautifully. With 4 bedrooms, 3.5 baths, a private office, media room, loft, and 3-car garage, this home was designed to elevate everyday living while offering the flexibility today's buyers are searching for. From the moment you step inside, the expansive open-concept layout makes an impression. The oversized living room is anchored by a striking custom glass-enclosed electric fireplace with built-in library shelving - creating the perfect centerpiece for entertaining or cozy evenings at home. The chef-inspired kitchen delivers both style and practicality with a gas drop-in cooktop, built-in oven and microwave, abundant cabinetry, and generous prep space ideal for gatherings large and small. Need room to stay organized? This home also features a dedicated mud room, oversized laundry room with built-in folding counter and cabinetry, plus a custom-designed "Costco" storage closet perfect for bulk storage and everyday convenience. The private office with elegant French glass doors offers the ideal work-from-home setup or quiet retreat. Downstairs living is complemented by a luxurious primary suite featuring tall bay windows, tray ceilings, and a spa-inspired bathroom complete with a garden tub, oversized walk-in shower with bench seating, dual vanities, and an extended walk-in closet with exceptional storage. Upstairs, spacious secondary bedrooms provide comfort for family or guests, including one with its own ensuite bath and oversized walk-in shower. The large loft and dedicated media room create endless possibilities for movie nights, gaming, fitness, or additional living space. Step outside to an oversized backyard featuring an extended 12x21 patio slab ready for your dream outdoor kitchen, entertaining area, or backyard oasis. Additional upgrades include: Tankless water heater Water softener Extensive storage throughout Three-car garage Flexible multi-use living spaces Prime location with quick access to 1604 & 151, located less than 13 miles from Lackland AFB, approximately 7 miles from NSA Texas, and under 30 miles from BAMC. Enjoy nearby shopping, dining, Costco, VA facilities, and highly regarded NISD schools. Opportunities like this are rare - especially with a VA assumable loan at 2.875. Luxury, flexibility, and location all at the newly reduced price of $595K.
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.
