Tucked away on a quiet cul-de-sac in a family-friendly neighborhood with NO HOA, served by top-rated NEISD schools, 15522 Flowing Spring is a beautifully updated 3 bed, 2 bath home where style, convenience and peace of mind come together. You're immediately welcomed by the beautiful landscaping, professionally designed with a focus on Xeriscaping for easy, low maintenance curb-appeal. Inside, with over 1,600 sq ft of open concept living space with tall ceilings, this single-story gem features a desirable split floorplan where the oversized primary suite is privately secluded from the guest bedrooms. Enjoy NEW laminate flooring, brand NEW carpet and FRESH paint throughout (including ceilings, walls & even the often-forgotten closets) to give you that modern feeling and 'new home' smell. The primary suite has a massive walk-in closet, a beautifully remodeled shower and upgraded tile throughout. At the heart of the home is the kitchen that is ready for effortless entertaining! Tons of storage space is complimented by sleek, NEW stainless-steel appliances (microwave, oven & even built-in wine fridge!) and a matching oversized stainless-steel sink. A modern light fixture overhangs the island and dine-in breakfast bar to make for a comfortable gathering spot that opens to your main dining and living spaces. The built-in desk adds a perfect nook for evening homework, a remote workspace, or your dream coffee bar. Recessed lighting, NEW light fixtures and recently upgraded double-pane windows throughout bring in tons of natural light, help with energy efficiency and make window wipe-downs a breeze with their 'easy-clean' feature. Expansive storage continues in the oversized laundry/mud room and adjacent walk-in pantry to make everyday living easier. The garage is a standout feature, upgraded with a Mini Split for temperature control, insulation throughout (garage door, attic, walls), ventilation system with exhaust fans, additional overhead storage, and additional outlets, making it a fully functional workshop, crafting space, gym, or additional living area. Step outside to a fully fenced backyard with an expanded concrete patio ideal for hosting larger gatherings. You even have a large shed in the backyard with electricity and lighting - perfect for additional tools, hobbies or even more workshop space. With a newer HVAC, an upgraded tankless water heater, a brand NEW roof and several other thoughtful updates, you'll enjoy comfort and efficiency year-round. Even better, a recent foundation repair includes a fully transferable warranty for added peace of mind for the next homeowner. With easy access to 1604, 281 and I-35, commutes across town are especially stress-free. In less than 20 minutes you can be in downtown San Antonio, at the Airport, Fort Sam, Randolph Air Force Base, Trinity University, University of Incarnate Word and more. HEB and a variety of other shopping and dining options are only 6 minutes away! This move-in-ready home is PACKED with thoughtful upgrades and is ready to welcome its new owner. Start your next chapter and 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.
