Do you have a full house and your family still growing? Welcome to 204 Canyon Vista, a home in Cibolo that finally solves your space problems with a massive 2,878 square feet of pure breathing room. If you have been looking for a house where you can play Hide-and-Seek and actually win, this is the one. The floor plan is designed with options for everyone, starting with a dedicated downstairs study that serves as the perfect home office for Zoom calls or just hiding from chores. Downstairs, the open layout flows through stylish archways into two separate living areas and a formal dining room, meaning you can host a fancy dinner party in one room while the big game roars on in the other. The island kitchen features a walk-in pantry and connects to a sunny breakfast nook, making it the true heart of the home. Upstairs, you will find a huge game room that screams potential-whether you want a home theater, a pool table, or just a designated "chaos zone" to keep the downstairs pristine, this bonus space delivers. With four generous bedrooms, including a primary suite sized at 18x14, no one has to fight over who gets the "good room". Outside, the home sits behind gorgeous mature trees that provide serious curb appeal and that coveted Texas shade. Beyond the front door, the location in the Cibolo Vistas community adds even more value to your lifestyle. You are perfectly positioned to enjoy convenient access to local restaurants and shopping, making errands and date nights a breeze. When you want to stay closer to home, the neighborhood amenities are top-notch, offering a sparkling pool, a park with a playground, and a basketball court right around the corner. Priced to sell, a home with this much square footage plus an office and a game room is a rare find. Stop scrolling and start packing-come see how good it feels to have some elbow room and schedule your private showing today before someone else snaps up this spacious beauty!
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.
