This price point stands out — and for good reason. You won’t find another home in this neighborhood offering this square footage, attached garage, corner lot, and bonus rear driveway access at this price — not in new construction and not in resale. This move-in ready two-story home features 3 bedrooms, 2.5 bathrooms, and durable tile flooring throughout the main level. Fresh interior paint upstairs and clean, well-maintained finishes make this home truly turn-key. The backyard has been thoughtfully upgraded for entertaining, featuring an extended patio, added wood decking, and paver walkway leading to a fire pit area. The corner lot provides additional space and flexibility, while the rear driveway access adds a level of convenience rarely found in this community. Additional highlights include a half bath and laundry room on the main level, a deep front porch with room for seating, and a private balcony to enjoy the evening breeze. Located in the Trace community, this home is within walking distance to Rodriguez Elementary School, with multiple pocket parks throughout the neighborhood, a nearby convenience store, and a car wash for everyday ease. Residents also enjoy annual community events, food trucks, and seasonal ice cream truck visits, creating a vibrant and connected neighborhood feel. Community amenities include a pool, sand volleyball court, half basketball court, playground, covered pavilion with grills, kitchen area with sink, and miles of sidewalks for walking and biking. Conveniently positioned just minutes from New Braunfels, downtown San Marcos, and the outlet malls, this home offers both value and location. Aggressively priced and ready for immediate interest — schedule your showing today. Refrigerator conveys. Some photos are virtually staged.
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.
