226 Treasure Way in Alamo Heights ISD offers a central San Antonio location near the Broadway Corridor dining district, Brackenridge Park, San Antonio Zoo, The DoSeum, The Pearl, Downtown San Antonio, Fort Sam Houston, San Antonio International Airport, and quick access to I-410 and Hwy 281. Positioned on a 0.32-acre corner lot with mature live oak trees, this 5-bedroom, 3-bathroom home combines updated features, flexible living spaces, and proximity to major city destinations, restaurants, parks, museums, and employers. The layout includes two living areas, a separate dining room, main-level primary suite, main-level guest bedroom, and three additional upstairs bedrooms. Multiple living and bedroom configurations support guest accommodations, office space, workout rooms, hobby space, or multi-generational living. Interior features include engineered hardwood flooring installed by a previous owner, a chef's kitchen with premium natural stone countertops, custom cabinetry, gas cooking, walk-in pantry storage with custom cabinetry and space plus hookups for a second refrigerator, built-ins throughout, custom drop-zone built-ins near the garage entry, updated bathrooms, and skim-coated gallery-smooth walls throughout much of the home. Outdoor spaces include a covered patio with custom epoxy finish, privacy-fenced backyard, landscaped yard, mature trees, and rear-entry attached 2-car garage with additional off-driveway parking. The lot provides usable outdoor space for entertaining, gardening, pets, or future outdoor additions. Recent updates completed by current ownership include a 2024 stone-coated lifetime/50-year warranty metal tile roof, 2024 smooth-finish stucco exterior and full exterior paint job, 2024 gutters with leaf guards, 2023 high-end dual-stage HVAC systems, 2024 water heater, full interior paint, updated brass and matte black hardware, painted privacy fencing, tuned-up sprinkler system, refreshed landscaping, and epoxy-coated patio deck. Additional prior improvements include expanded covered patio areas, attic insulation, kitchen remodeling, and bathroom renovations. Smart home features include smart lighting, smart locks, smart thermostat, network wiring, and Google Fiber availability. Several smart home devices and network equipment convey with the sale, along with the kitchen refrigerator. Located within Alamo Heights ISD and zoned to Woodridge Elementary, Alamo Heights Middle School, and Alamo Heights High School. No HOA.
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.
