OPEN HOUSE 12/14/2025 from 11:00 AM to 12:00 PM - 16739 Basin Oak, San Antonio, Texas. Welcome to this beautifully updated two-story home in the desirable Emerald Pointe community. Built in 2004, this 2,897 sq. ft. residence offers 4 spacious bedrooms, 2.5 bathrooms, and a thoughtful open layout perfect for family living and entertaining. Recent upgrades include a carpet, a 2025 HVAC system, a 2025 water heater, and a 3-year-old roof for peace of mind. The home showcases wood-look tile flooring downstairs, new carpet upstairs, and fresh modern paint throughout. The remodeled kitchen features 42" cabinets with crown molding, granite countertops, stainless steel appliances, and a breakfast bar overlooking the eat-in area and family room with a rock-accented electric fireplace. Upstairs, the large primary suite features an updated bathroom with a double vanity, tub/shower combination, and bidet. Three additional bedrooms share a second remodeled full bath, also with double vanities. Outdoor living features a covered front porch, a covered patio, a private fenced yard, a storage shed, and mature trees for added shade. Additional highlights include LED lighting, updated fixtures, and a two-car garage. Located in North East ISD near Loop 1604 and I-35, with quick access to Randolph AFB, Fort Sam Houston, The Forum, and San Antonio International Airport.
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.
