Welcome to 1726 Fawn Gate, nestled in the highly sought-after community of Deerfield. This beautifully maintained two-story home offers 2,906 square feet of thoughtfully designed living space, featuring 4 bedrooms, 3.5 bathrooms, and numerous custom touches throughout. Upon entering, you're greeted by a versatile formal dining room that can easily serve as a home office, sitting room, or fitness space. The kitchen features granite countertops, stainless steel appliances, abundant cabinetry, and a large breakfast area, creating the perfect setting for everyday living and entertaining. The kitchen flows seamlessly into the family room, where a cozy fireplace is framed by custom built-in shelving. Elegant details including decorative picture-frame molding and a coffered-style tray ceiling add character and sophistication to the space. The private first-floor primary suite is a true retreat, highlighted by a striking custom tray ceiling and impressive floor-to-ceiling built-in cabinetry and shelving that provide exceptional storage, display space, and a dedicated workspace. The laundry room has decorative tile flooring and a custom folding counter with additional hidden storage. Upstairs, you'll find three bedrooms, including one with a built-in desk nook and private en-suite bathroom, making it ideal for guests, multigenerational living, or a teenager's retreat. Pride of ownership is evident throughout, from the epoxy-coated garage floors to the thoughtful custom features found throughout the home. The true showstopper, however, is the backyard oasis. Following an extensive $65,000 renovation, this outdoor retreat offers mature trees, multiple spaces for relaxing and entertaining, and a stunning emerald-green pool that creates a resort-like atmosphere. Whether hosting friends and family or enjoying a quiet evening at home, this backyard is designed to be enjoyed year-round.Deerfield residents enjoy exceptional amenities including neighborhood patrol, a community pool, tennis and pickleball courts, basketball courts, and a playground. Ideally located with convenient access to Loop 1604, Highway 281, San Antonio International Airport, and premier shopping and dining. This is a rare opportunity to own a move-in-ready home in one of San Antonio's most sought-after neighborhoods.
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.
