Blending timeless architecture with elevated modern living, this beautifully reimagined two-story residence is gracefully set within one of Alamo Heights' most established and sought-after enclaves. Thoughtfully designed for both everyday comfort and refined entertaining, the home offers a seamless balance of sophistication and livability. All four bedrooms are privately situated on the upper level, creating a quiet retreat, while the main level unfolds with an effortless flow of inviting living spaces below with an abundance of natural light. The formal living room is anchored by a classic fireplace and a richly detailed family room features exposed beams and a statement fireplace that adds warmth and architectural depth. A dedicated dining room sets the stage for elevated gatherings, while the chef's kitchen serves as the heart of the home. Meticulously updated, it showcases custom cabinetry, rich hardwood flooring, and an oversized island with a gas cooktop designed to be as functional as it is visually striking. The open-concept layout allows for seamless connection to the surrounding living spaces, enhancing both everyday living and entertaining. Outdoors, a private and thoughtfully curated setting awaits. The patio offers built-in seating and a raised garden bed, creating a serene backdrop for al fresco dining or quiet evenings. A detached garage provides flexibility for storage, workshop space, or future customization, and is equipped with an EV charger for modern convenience. Perfectly positioned within the highly regarded Alamo Heights ISD, the home enjoys close proximity to some of San Antonio's most desirable destinations, including Charis Park, The Pearl, Quarry Golf Course, premier dining, boutique shopping, and cultural attractions. Walkability to Alamo Heights High School, the Junior School, and Sunset Ridge Shopping Center further enhances the home's exceptional lifestyle offering. A rare opportunity to own a residence that effortlessly combines character, comfort, and an elevated sense of place.
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.
