Welcome to 1912 Cool Breeze, a spacious 5 bed, 3.5 bath residence offering appox. 3,420 square feet in West Village at Creekside. The open-concept main level brings the kitchen, dining, & family areas together for comfortable everyday living & effortless entertaining. The kitchen features granite countertops, upgraded cabinetry, Energy Star appliances, a generous pantry, & abundant storage space. A main-level office provides an ideal setting for work, study, or creative use. The downstairs primary suite offers a relaxing retreat with soaking tub, separate shower, & oversized walk-in closet. Upstairs, 4 additional bedrooms, two full baths, & a spacious game room provide outstanding flexibility. Important buyer benefit: the seller has obtained a professional quote for replacement of the home's existing carpet & is prepared to provide a concession toward the buyer's expenses at closing in an amount based on that quote subject to lender approval & the terms of an accepted contract. Rather than installing a seller-selected carpet before closing, this gives the buyer the opportunity to choose a preferred color & style. Complete replacement would also address any areas that may require stretching. Additional info & the professional quote are available for review. The refrigerator, washer, dryer, & water softener convey with the home. Additional highlights include tile accents at the front porch & covered patio, a privacy-fenced backyard, & a 2 car garage with room for parking & storage. Conveniently located near Creekside shopping & dining, coffee shops, Buc-ee's, Schlitterbahn, the Comal & Guadalupe rivers, & Interstate 35 access to San Antonio & Austin, this home combines space, a versatile floor plan, & the opportunity for its next owner to personalize the finishing touches. Certain images have been virtually staged or digitally enhanced to help buyers visualize the property's potential & are provided right along side the un-staged photos for convenience.
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.
