Welcome to 16406 Ledge Rock, a well-maintained two-story home situated on an oversized 0.28-acre lot beneath mature shade trees in one of North San Antonio's established neighborhoods. Offering 4 bedrooms, 2.5 bathrooms, multiple living and dining areas, and a flexible floor plan, this home provides the space and comfort today's buyers are seeking. The classic brick exterior and inviting curb appeal lead to an interior featuring rich wood flooring, exposed beams, and timeless architectural character. Two spacious living areas are connected by a distinctive pass-through fireplace, creating a warm focal point ideal for both everyday living and entertaining. Two dining areas provide flexibility for family gatherings, holidays, and special occasions. The kitchen is designed for functionality and convenience with granite countertops, a gas cooktop, double ovens, and abundant cabinet and counter space. The first-floor primary suite offers privacy and separation from the secondary bedrooms, while three generously sized upstairs bedrooms provide room for family, guests, home offices, fitness space, or hobbies. Step outside to enjoy a backyard designed for relaxation and entertaining. A covered patio overlooks the expansive yard, offering the perfect setting for morning coffee, outdoor dining, or weekend gatherings. Mature trees provide shade and privacy, while a firepit creates a welcoming space to enjoy evenings with family and friends. The oversized lot offers ample room for pets, play, gardening, or future outdoor enhancements. Conveniently located with easy access to Highway 281, Loop 1604, shopping, dining, medical facilities, parks, major employers, and San Antonio International Airport, this home combines neighborhood tranquility with everyday convenience. Homes offering this combination of space, character, mature trees, and oversized lots are increasingly rare. Whether you're looking for room to grow, space to entertain, or an opportunity to make a home your own, 16406 Ledge Rock delivers exceptional value and potential in a highly desirable North San Antonio location.
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.
