Nearly 2,800 Square Feet Under $320,000 in Brennan High School Area! This home offers all the comfort and amenities your looking for, without waiting 6-8 months to build from the ground up! This move-in ready and feels-like-new home was smartly built with remote-work space or study space options for the busy life. Are you expecting a new bundle of joy and wishing you had a nursery built into your primary bedroom? Or... would you like to have your own bedroom-lounge area with a library or a Netflix-and-chill space? COME SEE THIS HOME TODAY! This "Newmark" home is exactly what you've been looking for! FIRST FLOOR FLOW: The private office/study space is off the entrance for a quick get-up and go. The rest of the lower level is spacious and open for living and dining arrangements that can fit intimate settings or that new large sectional you've been eyeballing. The island kitchen has all the cabinetry you need for storage and plenty of counter space for holiday meal prep, birthday baking, and weekend game days. The utility room is separate and also on the lower level. UPSTAIRS RETREAT: Great loft area for movie nights. Primary bedroom separate (but not too far away) from the secondary bedrooms. Whether you want your youngsters to feel close, teens to feel like they have their own space, or just need a room for crafting and another for guests... this second level layout offers incredible flexibility for how you live, relax, and play! DINE, SHOP & SERVICES AROUND THE BELLA VISTA COMMUNITY: Stevens Ranch shopping center, HEB Grocery & Gas (Potranco Rd./FM 211), Potranco Trails shopping center, Car Wash, Urgent Care, Dutch Bros coffee, Starbucks, Briggs Ranch Golf Club, COSTCO, Flix Brewhouse (movie theater), and all the favorite spots for fast food cravings! WORK & PLAY: Near Alamo Ranch and a short drive to Highway 90 to head downtown San Antonio or to Castroville's growing town. MAJOR EMPLOYERS NEARBY: Lackland AFB, Microsoft Data Center Corridor, Westover Hills, SeaWorld Area, Medical Center, USAA, Downtown San Antonio, Port San Antonio, Toyota Manufacturing, Castroville growth corridor.
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.
