***OPEN HOUSE--Saturday, 18 July from 12pm-4pm and Sunday, 19 July from 12pm-2pm***Assumable 2.75 interest rate for qualifying VA buyers! Also USDA eligible!** Looking for a spacious home in a community with RESORT STYLE AMENITIES? Look no further! Experience the perfect blend of space, comfort, and lifestyle in this beautifully maintained 5-bedroom, 2.5-bath home situated on a 1/4 -acre corner lot in one of Northwest San Antonio's most sought-after master-planned communities. Designed with real life in mind, this spacious floor plan gives you the flexibility to make the home truly your own. The formal dining room can easily become an open-concept home office, library, playroom, homeschool space, or whatever best fits your family's needs. The open-concept living, kitchen (that offers gas cooking and plenty of cabinets and counterspace!), and breakfast areas create a welcoming space where everyone naturally comes together-whether you're hosting friends, celebrating holidays, or simply enjoying a quiet evening at home. The large upstairs game room allows for more space to spread out and create the ultimate movie room, a space for game nights, a kids' hangout, home gym, or an additional living area--the possibilities are endless! The primary bedroom is located on the main level and all other bedrooms upstairs. Step outside to the expansive backyard, where there's plenty of room to bring your dream outdoor space to life. Whether you envision a sparkling pool, outdoor kitchen, fire pit, garden, playset, or a peaceful place to unwind after a long day, this backyard gives you the space to make your vision happen. For added peace of mind, the home still has approximately six years remaining on the builder's structural warranty. Living here means more than just owning a beautiful home--it's enjoying an incredible lifestyle. This home is located just a short walk away from one of the community's two resort-style amenity centers. Combined, the amenity centers feature an Olympic-size pool, lazy river, water slides, splash pad, clubhouse, fitness center, playgrounds, basketball courts, and more! With convenient access to Loop 1604, Hwy 151 and 211, shopping, dining, entertainment, and schools, this home offers the perfect balance of comfort, flexibility, convenience, and the kind of spaces where lasting memories are made. Schedule a showing today, and get ready to make this home YOUR home!
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.
