Welcome to 1926 Slumber Pass, a one-of-a-kind retreat in the heart of Timberwood Park that brings a relaxed, resort-style atmosphere to everyday living. Surrounded by mature trees and natural landscape, this property feels like a private escape. The backyard is the true centerpiece, featuring a resort-style pool with zero-entry, beach-style walk-in access, a waterfall feature, and a swim-up bar. A custom tiki hut with a synthetic, fire-resistant thatch roof (installed 6/21 with a 20-year warranty) creates a shaded lounge area right at the water's edge. Designed to feel like a tropical getaway, the outdoor space offers multiple areas to unwind, entertain, or simply enjoy the setting. Inside, the home offers a spacious and well-designed layout with multiple living and dining areas. The central living room connects seamlessly to the kitchen and breakfast nook, creating a natural gathering space filled with light and views of the backyard oasis. A dedicated dining room and private office near the entry add flexibility for everyday living. The primary suite is set apart for added privacy and features a large bedroom, generous closet space, and an updated bathroom with a newly renovated shower (January 2025). Secondary bedrooms are positioned on the opposite side of the home, offering separation and functionality. Recent updates include a full interior and exterior custom paint (April 2024), along with a renovated kitchen and updated flooring (April 2023). Additional features include custom plantation shutters in the main living areas and a self-cleaning pool system with in-floor jets. A covered back patio extends the living space outdoors, creating a seamless transition to the backyard retreat, while the covered front porch adds to the home's inviting curb appeal. Additional items that convey include a water softener, sprinkler system, security system, and Ring camera. Set within the established Timberwood Park community, this property offers a rare combination of privacy, thoughtful layout, extensive updates, and a truly unique outdoor experience. 1926 Slumber Pass stands out as a distinctive opportunity in San Antonio.
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.
