Fully Renovated Mid-Century on 1/3 Acre | Gas Cooking | Huge Yard. Move-in ready and fully renovated, this rare mid-century modern home sits on an expansive 1/3 acre lot surrounded by mature trees, offering a level of space, privacy, and character that is hard to find in San Antonio. This 4-bedroom, 2-bath home offers 1,526 square feet of open concept living, blending clean modern updates with timeless original charm. From the moment you arrive, the curb appeal stands out with its classic brick exterior, updated finishes, and beautiful tree-lined setting. Inside, you will find a bright and open layout featuring newly refinished original hardwood floors, luxury vinyl plank in the kitchen, fresh paint, and large picture windows that fill the home with natural light. The updated kitchen includes new cabinets, countertops, and gas cooking, combining modern convenience with classic design. What truly sets this home apart is its character. Original mid-century details like the built-in hutch, brick accents, and vintage-inspired bathrooms have been thoughtfully preserved, giving the home a style and feel you will not find in typical cookie-cutter renovations. Additional upgrades include: New HVAC system, New flooring throughout, Updated kitchen and bathrooms, Gas cooking, New windows, including large picture windows, Newer roof and water heater, Large dedicated laundry room, Huge storage building with endless possibilities, and More. Step outside and you will see the true value. The massive backyard offers endless possibilities with room to entertain, garden, expand, or simply enjoy the privacy and shade from mature trees. Properties with this kind of lot size this close to the city are rare. Located in San Antonio with quick access to Loop 410, I-10, and the Medical Center, this home is convenient to major employers, shopping, dining, parks, and schools. This home is FHA and VA eligible and qualifies for 100% financing options, making it an excellent opportunity for first-time buyers or anyone looking for a turnkey home with space and character. Homes that combine fully renovated condition, large lots, and mid-century charm do not come available often. Schedule your showing today!
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.
