Charming 3-Bedroom Home with Modern Updates & Prime Location Step into this inviting three-bedroom, two-bathroom home, where natural light and thoughtful upgrades come together to create a warm and comfortable living experience. At the front of the home, an open entertainment and dining area sets the tone for easy gatherings. The spacious kitchen is a standout feature, offering a gas range, stainless steel appliances, decorative tile countertops, an alkaline water tap, and bar seating that opens directly to the main living spaces. A generous second living area is lined with three over-sized windows that fill the room with sunlight, creating a bright and welcoming atmosphere. The dedicated laundry area with built-in shelving adds everyday convenience. Recent improvements include a two-car tandem carport and upgraded windows within the last two years. The seller has invested more than $20K in foundation repairs, $13K in plumbing updates which includes the plumbing under the home and the main water line out front, and added a whole-home filtration system with reverse osmosis in the kitchen. The roof is approximately 8 years old. In the backyard, a wired multipurpose shed offers flexibility for a workshop, studio, or extra storage. Situated in a quiet neighborhood within the southern North East ISD (NEISD), this home offers exceptional access to the heart of San Antonio. You'll be minutes from the San Antonio Airport, Museum of Art, Zoo, The Alamo, Monte Vista Montessori School, Alamo Colleges programs, St. Mary's University, and the University of the Incarnate Word. Enjoy close proximity to major medical centers, The Alamo Quarry Market, The Pearl, North Star Mall, and local shopping and dining along West Avenue-just over 500 meters from Taquitos West Avenue. With quick access to Loop 410 and I-10, you can reach most of San Antonio within 20-25 minutes. Military bases-including Lackland AFB, Wilford Hall, Fort Sam Houston, Camp Bullis, Randolph AFB, and BAMC-are within 15-35 minutes. Bike lanes, public transit, and ride-share options are easily accessible. Best of all, this home offers an assumable 2.99 VA loan-an incredible opportunity in today's market.
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.
