What if you could skip the builder upgrade list — because it's already done? Welcome to 1336 Academy Oaks Dr, a meticulously upgraded home in San Marcos's sought-after La Cima community that goes far beyond the standard build. While most new construction means writing checks for upgrades after closing, this one arrives decked out — and comes with an incredible 4.7% assumable loan, a rate today's buyers simply can't get otherwise. Soaring 11-12 ft ceilings and 8 ft doors set the tone throughout. The living room features a walnut accent wall, gas fireplace with rustic hearth, a huge 3-panel sliding door for effortless indoor-outdoor flow, and pre-wiring for 5.1 wireless surround sound. The kitchen is a true upgrade showcase: galaxy quartz counters, a wine fridge, pot filler, champagne bronze/gold hardware, farmhouse apron sink, vented hood, and a massive island with seating for four or more. The primary suite is its own retreat — dynamic ceiling, TV-ready wall, and a spa bath with a soaking tub, dual vanities, and a walk-in shower with hex tile and dual showerheads. The walk-in closet is enormous. Three more bedrooms (including a guest suite) each offer walk-in closets and en-suite or connected baths — genuinely rare flexibility for a home this size. Beyond the interior, the upgrades keep going: whole-house backup generator, full irrigation, epoxied garage floors with a water softener and Wi-Fi-enabled door, attic storage decking over the garage, and a backyard built for entertaining with a mounted TV, large fan, and greenbelt-backed wrought iron fencing. The playscape can convey. And the bills? Refreshingly low — this home is EnergyStar rated, pairing high-end finishes with real efficiency. Set in La Cima with its trails, parks, and resort-style amenity center, and just minutes from downtown San Marcos with easy access to Austin and San Antonio — this is a home where the work is already done, and the savings (on rate and on energy) are already built in.
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.
