Hilltop views! Located in Timberwood Park, this Hill Country home blends spacious design, thoughtful upgrades, and exceptional outdoor living with scenic views of the surrounding countryside. A large covered front porch and expansive driveway lead to a three-car garage, creating impressive curb appeal and plenty of parking. Property also has a metal roof, adding long-term value and peace of mind. Just off the entryway, a formal dining room and home office provide flexible spaces for entertaining or working from home. The layout then opens into a bright open concept living area where the family room is surrounded by numerous windows overlooking the hills and backyard swimming pool, filling the space with natural light and creating a perfect setting for gatherings. The gourmet kitchen is designed to impress with a large quartz kitchen island, breakfast bar, beautiful backsplash, and stainless steel appliances. A large window brings in abundant natural light while a butler's pantry adds additional storage and prep space. The primary suite downstairs offers privacy and comfort, featuring a spa-inspired bathroom with a soaking tub and separate vanities. Luxury vinyl plank flooring flows throughout the home, adding warmth, durability and modern style. Above the three-car garage is a versatile 500 SQFT bonus room equipped with a mini split AC unit, offering endless possibilities as a studio, gym, game room, or additional workspace. Step outside to a backyard designed for relaxation and entertaining. The in-ground swimming pool is surrounded by beautiful Hill Country views, while the deck provides the perfect place to unwind and enjoy the scenery. The spacious yard offers plenty of room for outdoor gatherings and recreation. Residents of Timberwood Park enjoy access to outstanding community amenities, including a community pool, tennis courts, clubhouse, park and playground, jogging trails, sports courts, basketball court, and volleyball court, creating an active and connected lifestyle in one of San Antonio's most desirable Hill Country communities.
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.
